| The housing bubble of the U.S.burst in 2007, which induced financial crisis in the United States and evolved into a global financial crisis. Bubble was unprecedented concerned by the countries all of the world. This is reminiscent of the Japanese financial crisis in the 90 years of the 20th century, which was induced by the break of the precancerous bubble.Two bubbles triggered two financial crisis, which is evident that the bubble economy has a far-reaching impact on social development, and is a great damage for social development.This paper attempts to lead by a comparative analysis between the causes of the bubble of Japan financial crisis and those of the U.S.,trying to find countermeasures to avoid the expansion and dilation of bubbles. I hope that the paper may provide some inspiration and advice to the stable development of China's economy.This paper argues that the most important reason for Japan's economy bubble and the U.S.economy bubble is the result of a mixed effect from external environmental factors, internal macro environmental factors, and financial institutions factors. From the comparative analysis based on the analysis of the causes of the economy bubbles of the two countries, it can be seen that apart from the different external environment,there is much more similarities in the macro-policy factors and factors of financial institutions of the two countries.Therefore, when avoiding from or controlling the economy bubble, the Chinese Government should not only pay attention to external environmental factors, but also pay attention to the right formulation and implementation of domestic policy and effective regulation on the economy. As the most important micro-economic bodies in the economic operation-financial institutions, they should pay attention to risk-prevention, risk-controlling and operation in steady pace,which would be helpful for avoiding from the formation and accumulation of the economic bubbles,and may block the production of financial crisis. |
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