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90年代伊始,日本东京股市价格暴跌,日元汇率动荡不安。回顾1987年和1989年两次世界股市大波动,这并非偶然事件,而是与发达国家经济的大趋势密切相关的。自1973年石油危机以来,发达国家经济进入了新的一轮结构性调整时期。80年代,世界经济持续增长7年多未发生衰退,世界性通货膨胀得以抑制,摆脱了70年代的滞胀状态。但是,调整远未完成:世界金融市场和商品市场动荡不安;
At the beginning of the 1990s, the stock prices in Tokyo, Japan plummeted, the yen exchange rate turmoil. Recalling the two major fluctuations in world stock markets in 1987 and 1989 was not an accident, but a close correlation with the general trend of the economy in developed countries. Since the oil crisis of 1973, the economy of the developed countries has entered a new period of structural adjustment. In the 1980s, the world economy continued to grow without any recession for more than seven years. Global inflation was suppressed and the stagflation of the 1970s was eliminated. However, the adjustment is far from complete: the turmoil in world financial markets and commodity markets;