In terms of the share in world GDP, Japan is less than 10 percent, the euro area comes out in the middle, at 16 percent, while the USA accounts for rather more than one-fifth of world GDP. Per capita GDP, however, in the USA and Japan is about 50 percent higher than the euro area’s Ε 20,000 per head.
Corporate bond is a matured financial product in market economies and a direct financing tool that market players bear relevant risks themselves; therefore, we can adopt more market-oriented strategy and measures to foster its development.