Japan expert said regain the world’s second little effort
The Data Figure: Japan’s Air Self-Defense Force F2 support squadrons
(original title: bad-mouthing the Japanese economy is a smoke screen)
: the Ministry of Commerce of the Tang Chunfeng, Japan expert
Standard & Poor’s recently warned that if the weaker medium-and long-term economic growth prospects in Japan, the Standard & Poor’s lowered its rating. Japan this year, there have been more than China, to regain the second position in the world sound. Why the Japanese economy has two such different interpretations.
Indeed, the Japanese economy toward the international community has a different sound. The United States, “Atlantic Monthly” and even published an article that stranded in the aftermath of the tsunami of its nuclear power plant construction program, a lot of energy imports will force Japan’s approach to the situation of foreign borrowing. If the Bank of Japan can not make bold decisions in Japan will be the next stop of this world debt crisis. The article said that an aging population, slow economic growth, huge total debt in the autumn of last year to Italy’s borrowing costs to a sustainable level. These factors have also adapted to Japan, why not on Japan’s debt default problems?
do not know the author of the text is not Japanese, or employed by the Japanese government released yet another smoke screen. A smokescreen to remember in March 2001, former Japanese Prime Minister Kiichi Miyazawa, the old man himself into battle to claim that Japan’s economy to collapse, resulting in the collapse of the Japanese economy on the “swept the world, the sharp depreciation of the yen, rapid growth in exports to Japan, which successfully curbed the momentum of export growth in Southeast Asian countries after the Asian financial crisis of 1997.
Japanese oppression of the “Plaza Agreement” appreciation of the yen, resulting in its export setback has been brooding. The so-called “lost 20 years” for example, is to suppress the release of a smokescreen. In fact, the high exchange rate brought about by virtue of appreciation of the yen, Japan’s industrial and financial speculation has already transferred overseas. The past, imports of raw materials to Japan to produce into a model of economic development of products for export, change the mode of development to the local production and sales in the country of origin of raw materials or products consuming countries. Alone, the sales of overseas companies, less than 100 billion dollars from the “Plaza Accord”, an increase of more than three trillion U.S. dollars a year overseas assets by over $ 200 billion in year to grow to $ 5.6 trillion. The domestic economy is still in maintaining growth.
often take for things Japanese government bond issue, is completely outside the misunderstanding. Japan’s national debt data is a cumulative number, and are the gain of bonds, issued by the national debt created in each of the benefits, in addition to debt service but also the interests of the surplus. In fact, the annual running of the Japanese government bonds account to be investigated. In addition to the debt on debt, not to the state the burden of also creating benefits. Unlike Western countries issued public consumption bonds, rely on the taxpayer’s taxes to go also. Not to mention that Japan has no national debt default risk, even if a problem, as long as it is to recover the debt can be blocked deficit hole. And it does not borrow someone else’s bond blind shouting wary of Japanese government bonds default, can only be understood without professional or ulterior motives.want to recapture the position of the world’s second child, the little effort for Japan. On many occasions, I talked to look at the Japanese economy can not just look at the GDP of the country, will have to see it in the global industry and efficiency. To the needs of the national competition of GDP, the Japanese companies in overseas sales data, as long as credited to the parent company name on the line. ▲ (Commerce Department Institute of Japan expert)