中国和日本黄金储备政策的比较研究——中国增持黄金储备的必要性分析

The Comparative Study of the Gold Reserve Policy between China and Japan——Analysis on the Necessity of Increasing Gold Reserve in China

随着中国官方宣布已经增加黄金储备至1054吨,中国成为世界第五大黄金储备国。相比之下,与我国同样拥有着巨额外汇储备的日本却已多年没有大幅增加黄金储备。这也引起了关于中国此次是否有必要增加黄金储备的诸多讨论。本文比较了中、日两国储备黄金成本和效用,分析了两国黄金储备政策差异的原因,并得出结论:日本长期不增加黄金储备的政策不值得我国借鉴,中国应该比日本持有更多的黄金储备。我国此次增加黄金储备是有必要的。

Following the official announcement of the Chinese government that China＇s gold reserves have been increased to 1054 tons, China has become the country with the fifth largest gold reserves. However, Japan, which also has large scales of foreign exchange reserves like China, hasn＇t made a substantial increase in gold reserVes for many years. It raises a question about the necessity for China to increase its gold reserves. In this thesis, the author compared the cost and utility of reserving gold for China and Japan and analyzed the reason why China and Japan adopted two different policies of gold reserves. As a conclusion, Japan＇s gold-reserve policy is not suitable for China. China should hold more gold reserves than Japan and it is reasonable for China to raise its gold reserves.