有人曾形象地把最近一时期以来主要是由于美元贬值而引起的日元升值比喻为“美国打喷嚏,日本感冒”,那么日本“感冒”,亚洲如何? 自80年代以来,在日元升值的压力下,日本中小企业早已纷纷迁往海外。至今,日本制造业海外生产的比例已达70％,而且日本对亚洲制造业直接投资的增长快于对欧洲和北美。日本的金融 Someone vividly compared the yen appreciation caused mainly by the devaluation of the U.S. dollar since the latest period to “the United States sneezing, a cold in Japan.” What about Japan’s “coldness” and Asia? Since the 1980s, the yen has gained in value Under pressure, Japan’s SMEs have long been relocated overseas. So far, 70% of Japan’s manufacturing overseas production has reached 70%, and Japan’s direct investment in manufacturing in Asia grew faster than in Europe and North America. Japan’s finance