Scale Study Of Japanese Government Bonds And Government Bonds

National debt is an evergreen subject of long standing. Based on the theory of expansive influence of national debt issuing, the essay, in the view of scale, makes a thorough inquiry on the national debt of Japan and China, and analyses the reason, background and result of scale expansion of national debt puzzling the Japanese government. The final purpose of the essay is to draw lessons from Japan in its issue of national debt, so as to make national debt an important power for the moving of Chinese macro conomy. The essay includes three chapters, or twelve sections. Chapter one analyses systematically, in the view of theory, the economic effect of national debt issuing. First, in micro iew, the national debt will lead to the increase of the non overnment consumption and the decrease of the investment, bringing out the expansion of the general demand. Second, in macro iew, the essay analyses the influence of national debt on expenditure, showing the relationship between expenditure and the general demand. Finally, in the view of general supply, the essay researches mainly on the influence of national debt issuing on monetary supply, getting a conclusion that national debt must be in a proper scale. Chapter two and three, in the view of practice, evaluate the national debt scale of Japan and China according to the international index that measures the national debt scale. On the basis of discussion of the reason, background and result of the expansion of Japanese national debt scale, the essay analyses superficially the potential problem of Chinese national debt scale and put forth some advice on how to enhance Chinese national debt management and avoid to fall into the debt crisis in the future. In this essay, to emphasis the moderate degree of the national debt scale, we are not inclined to neglect the effect of national debt, but to wish to use the national debt properly. We must use the national debt in the fields of product and try to get high revenue. We should manage national debt in ciciitiiic way and pay national debt orderly.