| The operation field and operation scale of the government is always one of the variables affecting the economic growth. In the aspect of public article production and provision, the role of the government is unquestionable, whereas the government investment takes a leading position as one of the main tools regulating the economy. After the Second World War, the economic development of Japan has made outstanding achievement. It only took Japan around 15 years for its industrial development whereas it took other developed countries more than half a century. During this process, the government investment has played a very important role. The study on the generation background, development stage and experiences of the Japan's government investment is of significant reference and inspiration value for our currently ever-increasing government investment. This thesis is divided into six parts.The first part mainly illustrates the definition and relevant theory of the government investment. We think the government investment means the government (including central government and various local government authorities) inputs various resources to provide, produce and organize the supply of public articles for the citizens of the whole society. It is mainly focused on the key fundamental projects with public welfare, related to the national economy and people's livelihood, and promoting the development of the whole national economy. The relevant theory of the government investment mainly includes three aspects. Firstly, connotation of the government investment, mainly referring to the government investment reasons, purposes and scopes as well as fund sources and utilization methods. Secondly, market failure and government investment, describing the relationship between the market failure and government investment from the aspects of resource allocation and economic stability. Thirdly, investment multiplier and investment policy effect, mainly illustrating the investment multiplier theory of Keynes.The second part illustrates the historical background and development progress for the Japan's government investment after the Second World War. In view of the Japan's postwar financial practice, as the financial lever, both government investment and tax reduction are used. There has been the argument concerning which method is better. Since late 1950's, the Japanese government has paid more attention to the government investment, with the investment amount increased obviously. After that, the Japan's government investment is in the steady increase, gradually developed into current scale. The development progress of the Japan's government investment after the Second World War is composed of altogether five stages. First stage: Japan's finance and government investment when it was under UN control (1945-1951); second stage: finance and government investment when economy was independent (1952-1955); third stage: finance and government investment at the period of high-speed growth (1956-1973); fourth stage: finance and government investment at the period of low-speed development (1974 –1979); fifth stage: finance and government investment at the restructuring period (1980 – now). The third part mainly illustrates the postwar fund raising and key investment field of the Japan's government investment. After the Second World War, the domestic economic development of Japan has roughly undergone the three periods: postwar recovery, high-speed growth and steady development. The basic status of economic operation, management mode of macro-economy and industrial policy target are different from each other. Accordingly, the implementation target of the financial investment and financing and the content of government investment are different. During the period of economic recovery (1945-1955), the fund of the Japan's government investment mainly came from the Fund Application Dept., and the fund was focused on those excellent large enterprises with optimum production element combination, high labor productivity...
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