中文摘要：

随着中日两国的经济联系越来越密切，两国之间的经济周期协动性也日益增强。分析表明，财政政策和货币政策协调性对中日两国的经济周期协动性产生了重要的并且是正向的影响，之所以存在这种正向影响主要是由于中日两国都采取了反周期的财政政策和货币政策，另外经济政策本身的执行能力也是一个不容忽视的因素。因此中国在调控宏观经济的过程中，应该关注日本的财政政策和货币政策的取向。

英文摘要：

The increasingly intensified Sino -Japanese economic relationship has contributed to the business cycle co -movement of the two countries. Evidence is found that fiscal and monetary policy coordination is positively correlated with the degree of Sino - Japanese business cycle co - movement. We attribute this to the counter - cyclical nature of macro policies adopted by China and Japan. Moreover, the ability of implementing these policies is also non - negligible. Therefore, China should take the Jaoanese macro oolicies into consideration in the process of macro control.