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主题:金融时报:“日本未来可能被迫向中印贱卖资产”

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TSE chief fears asset sell-off

“日本未来可能被迫向中印贱卖资产

Japan will be forced to sell its assets cheaply to emerging economies such as China and India unless Japanese corporations raise their capital efficiency and enterprise value, the head of the Tokyo Stock Exchange warned yesterday.

东京证交所(Tokyo Stock Exchange)总裁齐藤惇(Atsushi Saito)昨日警告,除非日本公司提高资本效率和企业价值,否则日本将会被迫向中国印度等新兴经济体低价出售其资产。

Atsushi Saito said it was his “personal fear” that within 20 years the world's second largest economy would have to tap overseas investors to finance its debt – now at 170 per cent of gross domestic product – by selling property and other national assets at rock-bottom prices.

齐藤惇表示,他“个人担忧”20年内,世界第二大经济体日本将不得不通过以最低价出售房产和其它国有资产,依靠海外投资者为其债务融资。目前,日本的债务是其国内生产总值(GDP)的170%。

“We will face a disastrous situation. Our grandsons and great-grandsons will carry very huge, tragic debt, thanks to their grandparents . . . [and will] have to rush to China, India, the Middle East [and say] ‘please help us',” he told the Financial Times.


他告诉英国《金融时报》:“我们将会面临灾难性的形势。由于祖辈的行为,我们的孙子和曾孙子将要承担巨额的、悲剧性的债务……(并且将)不得不跑到中国、印度和中东地区,(说)‘请帮助我'。”

Mr Saito, a champion of good corporate governance as critical to raising the value of companies and boosting the national wealth, said those opposed to bringing Japanese corporate governance in line with the west's would “eventually dampen the future price of Japan”.

齐藤惇提倡良好的公司治理,视其为提高公司价值、增加国家财富的关键。他说,那些反对使日本公司治理与西方看齐的人,“最终会压低日本的未来价格。”

The Tokyo stock market has seen the benchmark Nikkei average plunge more than 20 per cent since July. About half of Japan's listed companies are trading below book value.


东京股市的基准日经平均指数(Nikkei average)自去年7月份以来已下跌逾20%。约半数日本上市公司的股价低于账面价值。

Mr Saito's warning comes amid growing concern that poor corporate governance, which has led to the adoption of excessive takeover defence measures and stymied mergers and acquisition activity, is sapping the competitiveness of Japanese companies and the vitality of the economy.

齐藤惇发出上述警告之际,人们越来越担忧不良的公司治理正在侵蚀日本公司的竞争力和日本经济的活力,这种不良治理已导致过分的收购防御措施,阻扰了并购活动。

最后由 JessieH 于 2008-06-15 16:42:07编辑

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Happiness is a journey, not a destination.So, work like you don't need money, love like you've never been hurt, And dance like no one's watching.
楼主 Date: 2008-06-15 16:02:27
em10.gif coming support~~~
沙发 Date: 2008-06-15 16:06:10
em12.gif 这个还真专业,偶头次知道。。。JH8错,谢谢。。。偶也了解了下。。。
板凳 Date: 2008-06-15 16:10:35
em06.gif 支持一个。。。。
4 Date: 2008-06-15 16:19:18
(*^__^*) 嘻嘻……支持!!!!em10.gif
5 Date: 2008-06-15 16:25:02
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6 Date: 2008-06-15 16:25:40
支持
support!!!em06.gif
7 Date: 2008-06-15 16:32:55
The Japanese people always waste time on inmagine and guess .
8 Date: 2008-06-15 16:55:33
it's good to forewarn the possible disastrous situation
9 Date: 2008-06-15 20:38:51
supportem10.gif
10 Date: 2008-06-15 21:31:07
Japan will be forced to sell its assets cheaply to emerging economies such as China and India unless Japanese corporations raise their capital efficiency and enterprise value, the head of the Tokyo Stock Exchange warned yesterday.
11 Date: 2008-06-15 23:17:16
"Hope" is the thing with feathers

That perches in the soul

And sings the tune without the words

And never stops at all



And sweetest in the Gale is heart

And sore must be the storm

That could abash the little bird

That kept so many warm



I've heard it in thechilliest land

And on the strangest sea

Yet, never,in Extremity

It asked a crumb of me




希望是长着羽翼的飞翔,


在人们心灵停栖,


唱着无词的曲调,


歌声永无止息。
12 Date: 2008-06-16 08:40:34
不知所云
13 Date: 2008-06-16 11:43:31
帖主对此回复很满意,所以奖励 30 积分给Roy_Wong
对日本研究不深,以下是我个人了解的一些背景情况:
日本证卷业在90年代初随着本币升值过快,国际炒家快速抽离后,出现泡沫,带给金融,地产行业巨大冲击,开始了漫长的熊市。证卷市场失去了它原有的融资功能,股价一跌再跌,交投十分有限.
齐藤惇 东京证交所总裁,   为了恢复其证卷市场的往日繁荣景象,随着经济的逐渐好转,经过长达十多年的努力,开始寻求别国企业在日本上市来刺激日本的证卷市场,记得好像是去年4月,开出了一系列优惠政策,帮助中国的传媒公司日本上市融资。 齐藤惇 采用的策略显而易见,利用它国优秀企业本国上市来刺激证卷业,但随着越来越多的它国企业上市得到关注后,对比之下本国企业的股价虽有好转但远远不及它国新股。
至于日本公司的负债情况还真搞不清楚。按文章看,齐藤惇 担心的是日本公司负债率高,最终被迫海外上市,寻求融资,从而低价贱卖资产。
但我个人看来,感觉有点针对中国未来证卷市场的发展,因为我感觉中国证卷市场迟早是要开放给国外的企业A股上市的,因此与日本证卷市场 形成竞争,作为东京证交所总裁 齐藤惇当然要考虑竞争下东京证交所 如何生存。
14 Date: 2008-06-16 21:22:38
憨笑 呵呵!!!日本仔都有今日啊!!
15 Date: 2008-11-14 21:34:54
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