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中国人对房地产泡沫还十分陌生,即使这个泡沫来到眼前可能也视而不见,有人一提起泡沫想到的就是股市,股价太高了,指数上涨过分了,股指下跌泡沫就消失了。但在日本,80年代后期真正的泡沫不在股市,而是房地产。 从1986年到1989年,日本的股票指数从13128点上涨到38915点,股价市值由325万亿日元增长到630万亿日元,股指和市值分别上涨了2倍和1倍。但在这一期间,日本的6大城市土地价格却上涨了5倍以上,全国地价总额由原来的1000万亿日元上升到2129万亿日元,上涨了1.1倍。仅仅是1987年,日本的土地资产总额就达到了美国的4倍,平均地价为美国的100倍,地价狂涨简
The Chinese people are still a stranger to the real estate bubble. Even though the bubble may come to light, it is the stock market. The stock price is too high. The index has gone up too much. The stock bubble has disappeared. But in Japan, the real bubble of the late 1980s was not the stock market, but real estate. From 1986 to 1989, Japan’s stock index rose from 13,128 points to 38,915. Its market capitalization increased from 325 trillion yen to 630 trillion yen, and its stock index and market capitalization doubled and doubled respectively. However, during this period, the land prices in Japan’s six major cities increased more than five-fold. The total land premium in the country rose 1.1 times from the original 1,000 trillion yen to 2129 trillion yen. Only in 1987, Japan’s total land assets reached four times the United States, the average premium of 100 times the United States, the land prices soaring