亚洲金融风暴自去年7月2日起至今一年有余,两种金融危机(汇率危机和银行危机)在日本和东亚各国之间互为因果,构成了风暴现象。亚洲新兴市场面临着遭受重撞后的经济衰退,前景不妙。日元脱离常轨的大幅波动,随时可能引发亚洲第二轮货币竞贬。 Since the Asian financial crisis hit more than one year since July 2 last year, the two financial crises (the exchange rate crisis and the banking crisis) have taken a causal link between Japan and East Asian countries and constitute a storm. Emerging Asian markets are facing a slump after the economic recession, the outlook is not good. The sharp fluctuation of the yen from its normal track may trigger the second round of currency devaluation in Asia at any time.