The Forming And Development Of Postwar Japanese Medium-small-size Enterprises' Financing System

Medium small_size enterprises(MSE) is the component of all kinds of nations' economy and economical federation. The comprehensive international competiveness of this nation or economical federation depends on the developing condition of MSE . If there are a lack in fund and difficulties in financing in MSE, it is inevitable to hamper the development of MSE. Japanese MSE have developed rapidly after the Second World War. Its sound financing system are the important guarantee. This paper adopts modern enterprise theory and inquires into the background, development, feature and evolution of Japanese MSE. And the main conclusions are following: The feature of Japanese self_restrait financing system, such as fragmented banking system ,indirect financing and mainbank system are the background of Japanese MSE; Japanese MSE financing system includes MSE financing institute system and MSE guarantee & Insurance in credit system ;from post-war to 1990's , Japanese MSE indirect financing system changed its relying on professional MSE financing institutes to genernal commercial banks and direct financing; by comparing with other developed countries, there are many similarities in MSE financing policy; on the other hand, The difference in MSE financing structure, is obvious.