在如今这个动荡不安的国际经济舞台上，日本作为世界第三大经济体，其未来走向不仅关乎自身的发展，更是全球经济格局的重要一环。高市早苗 作为新任首相，刚上任便以其大胆的经济政策引发市场巨震，然而背后隐藏的风险和挑战却让人担忧。要真正理解高市政府面临的困境，我们需要 从多个方面进行深入剖析。 从表面看，降息与减税似乎能够刺激消费和投资，但在国家债务已经高达GDP的230%的情况下，这种做法无异于在悬崖边缘加速奔跑。实际上，任 何进一步的政策措施，都有可能将日本推向更深的财务危机中。这种局面不禁让人想起了2022年英国的特拉斯首相，她在面对经济困难时，采取了 类似的减税措施，最终却因市场的强烈反应迅速下台，成为历史上任期最短的首相。高市是否会重蹈覆辙，令人堪忧。 在这样的国际环境中，高市的政府必须面临众多挑战：一方面是如何在中美两大经济体之间保持平衡，另一方面则是在即将到来的亚太经济协定 中，为日本争取足够的利益。若未能妥善处理，势必会对日本的经济复苏造成新的打击。 日本能否摆脱现有的困境，关键在于能否进行有效的结构性改革。正如不少经济学家所指出的，供应侧的改革才是解决问题的根本所在。然而，推 动农业、制造业等产业的升 ...

Core Points - The Chinese Nonferrous Metals Industry Association has publicly opposed the phenomenon of zero or negative processing fees in the copper smelting industry, calling it a "structural contradiction" that is unsustainable for the global copper industry [1][2] - China is taking measures to manage copper smelting capacity by halting approximately 2 million tons of illegal capacity to curb overexpansion, drawing lessons from the aluminum industry [2] - The processing and refining fees (TC/RC) have dropped to historical lows due to a structural imbalance between raw material shortages and excess smelting capacity, with spot processing fees even reaching negative $60 per ton [2] Industry Response - The association's vice president, Chen Xuesen, emphasized the harmful effects of negative processing fees on the global copper smelting industry and urged cooperation among relevant countries and stakeholders [1][2] - The current market conditions have led to concerns about the sustainability of the industry, with major companies like JX Advanced Metals and Glencore facing operational challenges due to low processing fees [2] - The upcoming long-term contract negotiations for 2026 are expected to address the need for a more sustainable pricing mechanism, with a cautious outlook from analysts regarding the potential for significant changes in the short term [5]