美欧债务危机与日中经济前景  

Bond Crises in America and in the EU and its Impacts on Japan and China

作　　者：林华生[1,2] 

机构地区：[1]日本早稻田大学亚太研究院 [2]中华经济研究所

出　　处：《亚太经济》2012年第2期3-8,共6页Asia-Pacific Economic Review

摘　　要：美国长年来累积了大量的国际贸易赤字和财政赤字,只好增印美钞和增发国债,造成美钞贬值和国债的信用度被下调,最后引发了债务危机。美国的债务危机又导致欧盟债务危机的进一步恶化。美欧债务危机,又牵累了日本和中国。日本投资的亏损和日元猛涨,进一步冲击了原已十分萧条的日本经济。中国大量购买美欧等国的国债,获得了较高利润但风险也很大。中国今后经济的成长率趋于下滑,其经济发展前景将会越来越严峻。This article is aimed at analyzing the current bond crises erupting in the USA and in the EU, and its direct and unavoidable impact on the economies of Japan and China. A bond crisis erupted initially in the USA in August 2011 and has spread to the EU countries quickly thereafter. The bond crises in the Western nations have since had a serious impact on the world and on Japan and China in particular. To avoid risks associated with holding these American national bonds, China has diversified her bond portfolio and increased purchases of other bonds in Japan, Korea, Middle East, and of course in Europe. After the EU bond crisis, China has been urged by the EU to increase her purchase of bonds issued by EU nations. China＇s investment in national bonds in Europc has become more and more risky.

关 键 词：债务危机 财政赤字 慢性通货膨胀 外汇储备 

分 类 号：F830.99[经济管理—金融学]