高级商务英语阅读Chapter 5.pptVIP

Chapter 5 Japan Goes from Dynamic to Disheartened Great Changes in Masato’s Living Standards Two decades ago A level of affluence/ flashy and upbeat $500,000 condo Vacationed in Hawaii Late-model Mercedes Now Living standards crumbled/ dark and subdued Sold his condo at much lower price (1/3 of original price;what he owed on the mortgage he took out 17 years ago) Reduce/eliminate trips abroad Trade Mercedes for a cheaper domestic model Question 1 What were the two major factors comprising Japan’s economic bubble in the 1980’s? speculative stock property bubbles Notes to the Text The original Asian success story(2), Japan rode one of the great speculative stock and property bubbles of all time in the 1980s to become the first Asian country to challenge the long dominance of the West (1). 上世纪80年代，借助位居史上最大规模之列的股票投机和房地产泡沫，日本一举成为第一个挑战西方长期统治地位的亚洲国家，成为当初亚洲成功的典范（谱写源自亚洲的成功故事）。 Question 2 What were the methods Japanese government adopted to stimulate its economy, but turned out to be a failure? enormous budget deficits a flood of easy money Notes to the Text For nearly a generation now, the nation has been trapped in low growth and corrosive downward spiral of prices, known as deflation, in the process shriveling from economic Godzilla to little more than an afterthought in the global economy. 在近乎一代人的时间里，日本一直陷入经济低增长和价格不断下跌的恶性循环，即通货紧缩状态。日本在这一过程中也由经济巨人（怪兽哥斯拉）萎缩成全球经济中可有可无的角色。 Question 3 What does “economic Godzilla” mean in the text? It means economic giant with enormous power. It is so quoted because it is a Japanese cultural icon. Notes to the Text 通货紧缩deflation 市场流通货币减少 人民手中货币减少 购买力下降 物价下跌 长期货币紧缩 抑制投资和生产 失业率升高、经济衰退 经济学家普遍认为CPI（消费者价格指数）连跌三个月，表示出现通货紧缩。 Practice 准备采取新一轮非常规措施来刺激经济增长 Prepare a fresh round of unconventional measures to stimulate the economy. on a sustained basis: 持续不断地 Notes to the Text Many economists remain confident that the United States will avoid t