日本“泡沫经济”文献述评与研究新视角

中国资产价格近年来持续上扬再度引起人们对日本20世纪80年代泡沫经济问题的研究热潮。文章通过对相关研究文献综述，指出目前的研究主要将日本泡沫经济归结为日元升值和盲目乐观的预期、宏观经济政策失误、金融体制缺陷下的金融自由化、制度因素等方面。在此基础上，对以往研究进行评论，指出其中不足之处并提出应从全球制造业转移的全新视角来研究日本泡沫经济。

The Review of Japanese Bubble New Perspective the Study on the Economy and the

In recent years, the continuous growth in the Chinese capital price attracts people to restudy the Japanese bubble economy in 1980s. This paper, through reviewing relevant studies, points out that the current study attributes the Japanese bubble economy mainly to the Japanese Yen appreciation and the optimistic expectation; the mistake in macro-economy policy, financial liberalization under defective fi- nancial system and the institutional factors. On the basis of these, the paper points out the weak points of the previous researches and suggests studying the Japanese bubble economy with a new perspective of global manufacturing transfer.