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1997年夏季开始爆发的东亚金融危机迄今仍令人记忆犹新。在东亚金融危机爆发前后,日元曾出现过一次贬值浪潮。目前日元汇率又处在新一轮贬值浪潮之中,其发端可以追溯到1999年底。1999年12月,日元兑美元汇率尚高达102.04∶1,而到一年后已贬至112.21∶1,贬幅超过10日元,贬值率为9.97%。进入2001年后的前三个月,日元贬值曾明显加速,但随后趋于放缓,而从2001年9月下旬起,日元贬值的势头日趋强劲,10月初即跌破120∶1大关,到12月25日更跌破了130∶1的心理大关,27日还曾一度跌至132.08∶1,创下了1998年10月初以来的日元汇率新低,两年以来日元贬值率已达30%(29.44%)。
The East Asian financial crisis that started to erupt in the summer of 1997 is still a vivid reminder so far. Before and after the East Asian financial crisis, the yen had seen a wave of depreciation. At present, the yen exchange rate is at a new wave of depreciation. Its origins can be traced back to the end of 1999. In December 1999, the exchange rate of the Japanese yen against the U.S. dollar was as high as 102.04: 1, but it has been devalued to 112.21: 1 a year later, with a devaluation of over 10 yen and a depreciation rate of 9.97%. In the first three months after 2001, the devaluation of the Japanese Yen had accelerated markedly, but then slowed down. Since late September 2001, the strength of the devaluation of the Japanese Yen has become increasingly strong. It fell below 120: 1 in early October Off, to December 25 more below the psychological threshold of 130: 1, once dropped to 132.08: 27 on the 27th, setting a new low since the beginning of October 1998 yen exchange rate, the devaluation rate of the Japanese yen over the past two years It has reached 30% (29.44%).