中日两国政府在债务问题上，都曾经从确立平衡财政制转向负债财政制，但在国债管理制度上存在着差异。从日本的经验可以看出，利用国债有积极作用，也有消极影响。因此，日本出现的财政危机，当为中国的前车之鉴。 Both the Chinese and Japanese governments have shifted from establishing a balanced fiscal system to a liability fiscal system on the issue of debts, but there are differences in the system of managing treasury securities. As can be seen from Japan’s experience, the use of government bonds has a positive effect and negative effects. Therefore, the financial crisis that emerged in Japan should serve as a warning for China.