Japanese Industrial Structure Adjustment And Enlightenment On The Background Of The Yen Appreciation

After square negotiate, the yen appreciation has been obstructed Japanese economy. Since 80's in last century, the yen remained long-term appreciation trend, although the period has a small movement, total soar trend is obvious. On the background of appreciation in the native currency, how to keep industry vitality, adjust industrial structure, promote economic growth is an international problem. The pressure that faces RMB appreciation, Japanese experience and precept in this aspect be worth drawing lessons from. Through studying the history of yen exchange rate movement, inducing Japanese government policy of industrial structure adjustment, putting forward suggestions to face RMB appreciation for China.This text is mainly divided into five parts, its frame is induced as followed: First part is introduction. It outlined the topics significance, briefly reviewed the relevant literature from the domestic and foreign scholars on the issue, described the structure of this article as well as the research methods and the innovation.Part two set "Plaza Agreement" as a cutoff point. The yen exchange rate movements will be divided into two periods and four phases. The four phases are: first, from 1971 to 1973, from 360 yen to 264 yen against one dollar, with 36 percent appreciation; Second, from 1975 to 1978, from 306 yen to 184 yen against one dollar, the rate of appreciation is 66 percent; Third, from 1985 to 1988, from 260 yen to 124 yen against one dollar, the yen's appreciate by 109.7 percent; Forth, from 1990 to 1995, from 158 yen to 84.43 yen against one dollar, the appreciation rate as high as 88.1 percent. Fifth stage,1998-2010 years:the yen exchange rate rose 29%In this part, we introduced the background of the Japanese Yen exchange rate movement, The Japanese economic fierce development makes international trade surplus extension year by year, under the pressure of the international society,the yen is significant to revalue. The article discusses the characteristic of industrial structure in different stages, especially the typical stage of 1985-1998 years, and the policy government adopted.The third part is conduct mechanism and path analysis of yen appreciation for Japanese industry. Four conduction paths induced as followed:The first is to pass the import and export structure influence industrial structure; The second is to pass FDI influence an industrial structure; The third is to pass consume structure influence industrial structure; The fourth passes the work structure influence industrial structure. through adopting a theory and physically combines together, discussing in detail the four greatest factor and its conduction path, lay the foundation for discussing the industrial structure of the manufacturing industry and the service industry.The forth part is the influence of the yen appreciation upon Japanese industrial structure. The influence of the yen appreciation has both sides. the positive effect of appreciation is divided into as followed:First, Japanese industrial structure upgrade, including service industry and manufacturing industry. The negative effect of yen appreciation is industrial hollowing-out. The part discusses the influence and measures of industrial hollowing-out.The fifth part is the experience and apocalypse that Japanese industrial structure adjustment. The apocalypse of China can be induced as:First, Guide business enterprise changing from "Made in China "to "Created in China ", raise a product affixture value. Second, Strengthen invest, promote Chinese industrial structure upgrading. Third, Consume structure upgrading promotes economic growth. Forth, Support third industry to increase a local employment rate. Chinese government and business enterprise can draw lessons from the experiences of Japan. Fifth, study the good experiences of Japan, make the right policy.Take the deduction method when looking back the process of yen appreciation. At contrast likeness and dissimilarity of China and Japan, adopted deducing and inducing method mutually. At the same time, quote from related theory to analyze and tally up a related policy and put forward a policy suggestion.The innovation point of the article is detailed to analyze the history of the yen rate motion. Moreover, this text actively investigated the four greatest factors of influencing Japanese industry structure, went deep into a research on the manufacturing industry and the service industry on the foundation. Of course, there are some shortages in the article. For instance, The data doesn't renew in time. From now on I will continue work hard to solve these problems.