日本式金融体系之特征与大企业的资金循环

The Characteristics of the Financial System of the Japanese Type and the Fund Circulation of Large Businesses

日本大企业金融在“泡沫经济”形成与崩溃过程中表现异常。造成这种异常表现的原因是日本金融体系固有的特性与惯例一大企业的低成本融资结构、双重利率结构、四大证券公司的市场垄断、稳定股东的保险机能等，日本大企业的这种资金循环对日本经济走势产生了重大影响。

The finance of the large businesses of Japan was witnessed to have performed in an abnormal way in the process of the formation and collapse of japan's 'foam economy'. The causes of this kind of abnormal performance are found in this paper to be the peculiar features and common practices inherent in the Japanese financial system-the low-cost financing structure of large businesses, dual interest rate, the market monopolization of the four leading stock corporations and the insurance mechanism to reassure the stock-holders, etc. This kind of fund circulation adopted by the Japanese large businesses greatly affected the trend of Japanese economy.