Financial Support For Industrial Structure Upgrading In Japan And Its Reference For China

Nowadays, the economy in China is developing on a stable way. But at the mean time, it brings several problems, like inflation and industrial structure problem, etc. The term "industrial structure" refers to the number and size distribution of firms in an industry. Since the readjustment and upgrading of industrial structure are evitable for the economic development in every country, for which finance, through Monetary Policy, Exchange Rate Policy, direct financial policy (Securities Market), and indirect financial policy (Bank Credit), etc. has provided a direct and powerful impetus. Therefore, a study on the financial factors in industrial structure upgrading is of both theoretical and realistic importance.Based on the analysis of the content, evolution trend, as well as the influence of financial support for industrial structure upgrading, this thesis researches the financial support for industrial structure upgrading in Japan and focuses on how to upgrading the industrial structure in China today. The thesis reviews the background knowledge of industrial structure upgrading in Japan, and its complete process in four phases of Japanese economic development. With detailed and actual data, figures, and tables, this thesis analyzes the influence and effect of financial support on the industrial structure upgrading in Japan, summarizes its costs and benefits, and draws on Japan’s experience for future financial policy making and financial reform in industrial structure upgrading in China.There are four possible innovation points in this thesis. First, with the collection and analysis of historical materials and statistic data, the thesis systematically summarizes the effect of financial support in industrial structure upgrading in Japan; this thesis analyzes the process of industrial structure upgrading and the adjustment of the financial structure in Japan under the influence of various historical and social factors at that time, such as historical events, economic performance, financial reform, and policy readjustment. Second, from the perspective of historical evolution and based on related financial theories, this thesis reproduces the whole process of industrial structure upgrading in Japan, and summarizes the mechanism of the influence of financial support in industrial structure upgrading. Third, based on the analysis of nowadays status of economic development and industrial structure upgrading in China, this thesis has a test on the effects of financial support to industrial structure upgrading in China by using its financial and industrial statistics. Forth, based on a comparison between the status quo of economic development and industrial structure upgrading in China, and the industrial structure and financial reform in Japan in the nineteen seventies, this thesis provides a suitable financial policy for China, which is an application of the analytical summary of the financial support in industrial structure in Japan. To reach a conclusion, this thesis claims that the analysis of the benefits and costs of financial support in industrial structure upgrading with Japan as a research example, is of foresight and reference for China’s industrial structure upgrading.