日本的证券业向海外开展业务活动始自50年代,经过其后几十年的发展,特别是进入80年代以后,由于国际筹资方式的证券化,欧洲债券市场债券交易的日趋活跃,以及日本民间资本输出的不断增加,日本证券投资的发展迅猛异常。进入90年代,随着日本“泡沫经济”的崩溃,其证券投资又出现了一些新的特征。本文拟就日本战后证券投资的发展阶段、特征及其原因做一探讨,以使我们从中发 Since the 1950s, Japan’s securities industry started its business activities overseas. After several decades of development, especially after the 1980s, due to the securitization of international financing methods and the increasingly active bond transactions in the European bond market, as well as the Japanese private sector With the continuous increase of capital output, the rapid development of Japanese securities investment is abnormal. In the 1990s, with the collapse of the “bubble economy” in Japan, some new features appeared in its securities investment. This article intends to Japan’s post-war securities investment stage of development, characteristics and reasons for a discussion, so that we can from the hair