反思日本经济的缓慢增长

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1、反思日本经济的缓慢增长-->反思日本经济的缓慢增长-ReflectiononJapan'ssloybeeveryseriousandisexperiencingoneeconomicdepressionorcrisis.Globalisationfirstlyencountereditssloy,s,productsunsalable,currencydevaluationandstockdepression.ItissaidthatthesituationofUnitedStatestodayissimilarentsinthedevel

2、opmentefforts,accordingtoJapan’sexperiencecooperationstrategy.ReflectiveFactorsforJapan'ssloesof“PlazaAccord”,adebytheExternalTradeOrganisationofJapansince1970,tolargeextentlimitedtheabilitytoregulatethedomesticeconomy.ThisaccordisaseriousimbalancestrategyguidanceforU.Smar

3、ket.Itaimedtoexpandsurplusresourceintoothermarket,evenglobalmarket,In1990s,thedeficitofU.Saccountedfor6%morethanGDP.In1985,theUnitedStatesleadedthefiveenttosigntheAccord.Thefivecountriesagreedtojoinandintervenetheforeignexchangemarketinordertoachieveasoftlandingofovervalue

4、ddollar,as.Asaresult,theappreciationofYenraisedfrom240yento1dollarsto79yento1dollarsafter10yearsof1980s.about67%appreciationrate.Inthebeginningof1990s,thedollarentdepartmentinsistedontheagreementof“PlazaAccord”andpersistentlymaintainthestatusofdollarassets(HayashiandPresco

5、tt,2002).TheycontinuallyencouragedalargenumberofJapanesepaniestobuydolllarassets,Guidingthispolicy,bothdomesticandinternationalcapitalfloodedintoJapanesestockmarket,realestatemarekt.Aftertimeofglimpse,Japanseforeignexchangereservesincreasedrepidlyandexceededtheexpectationr

6、ateoftheappreciationofYen.Moreover,itcausedtheoverheatingofdomest-->iceconomy.Thepricesofeveryproductsindomesticmarketincreasedskyrocketingly.Gradually,thebubblyeconomyformedandlostitscontrol.Finally,thisfinancialpolicyimprovedthebaddevelopmentofover-expansioninJapan.Secon

7、dly,the"PlazaAccord"preventpurpsivelyJapan'seconomyfromrecovery.Theofficaldepartmentsof“PlazaAccord”inU.S.intervenedstronglyintheforeignexchangemarket,pliedaspecialpurpose.From1993to1995,itisthepeakperiodoftheyen'ssharpappreciation.Rationally,itissaidthatakey,perfectperiod

8、toimproveJapan'seconomythroughexportgroatereasonisthattheUnitedStates,inthebeginningof199