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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本-行業數據

真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本
需要強調的是，二維解釋框架中日本的經常收支數據為真實經常收支，而非賬面經常收支。若采用賬面經常收支構建框架，可以發現其與日元匯率走勢并不匹配（見
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第1頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第2頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第3頁
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第4頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第5頁
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第6頁
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第7頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第8頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第9頁
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第10頁
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第11頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第12頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第13頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第14頁
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第15頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第16頁
真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第17頁
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真實經常收支與賬面經常收支差異，賬面部分有相當一部分無法回流日本_第18頁
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所屬報告： 二維視角下的日元匯率分析框架-250514（28頁）.pdf
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