A Thesis On The Impact Of Japanese Postwar Government-led Economic System On Economic Growth

After world war II, in order to get rid of poverty and backwardness, the Japanese government adopted a government-led economic system to develop the economy. Since the mid-1950s, Japan’s economy achieved rapid growth. Japan became the world’s second largest economy and created the "Japanese miracle". However, since the economic bubble burst in the beginning of the1990s, Japan entered a period of up to ten years of recession. Recognizing the urgency and importance of the reform of the economic system, the successive Japanese governments have taken various reform measures, but with little success. Japan’s economic growth and long-term depression are subjected to a number of complex factors. However, Japan’s government-led economic system is undoubtedly an important factor. Therefore, the study of the impact of Japanese postwar government-led economic system on economic growth is of great significance. Meanwhile, Japan’s experience, lessons and the problems encountered in the economic system reform by Japanese government have important practical significance for the present period of deepening reform in China. The idea of this article is as follows:The first part analyzes the establishment and improvement of the Japanese government-led economic system and analyzes the characteristics of Japanese government leading role.The second part briefly reviews the conditions of Japanese rapid economic growth from the postwar to the late1980s and analysis the positive role of Japanese government-led economic system in promoting economic growth mainly from developing appropriate industrial policy, implementing a positive fiscal policy, the effective protection of the domestic market and regulating finance to consider.The third part briefly recalls the four stages of recession and analysis the negative role of Japanese government-led economic system in promoting economic growth. It takes the conclusion that Japanese government-led economic system has been unable to adapt to the development of the times and must be reformed.The fourth part firstly reviews the reform measures taken by the successive Japanese government since the1990s after realizing the urgency and importance of system reform and then analysis the reason that the Japanese economic system reform is difficult from the system itself and the external factors to consider.The fifth part analysis the experience and lessons of Japanese economic development and the problems encountered by the Japanese government in the economic system reform to the revelation of China’s economic system reform that the changes of government agencies and government functions must be taken.