The Experience Of Resolving The Excess Capacity Of Japan And The Enlightenment To China

After thirty years of the reform and opening-up,China has gained momentum in economic and social development.The GDP of China has climbed to the world's No.2 and China has become the second largest economy in the world,ranking only after the United States.But decades of years of pursuing economic growth has caused the situation that the contradictions and problems in economic structure gradually accumulated and revealed,which has restricted the sustainable development of China's economy.The current serious overcapacity problem is the bottleneck constraint for China's further development.How to resolve China's overcapacity problem better,faster and more effectively has become a hot topic of China's economy.In 2009,the document of "on the inhibition of some industries"excess capacity "and redundant construction industry to guide the healthy development of a number of opinions" released,which means that the relevant departments of our country had began to attach great importance to the overcapacity problem.In 2013,the document of “state council on the guidance of solving serious overcapacity” released,the seriousness and urgency of solving the excess capacity had been affirmed,and the relevant objectives,tasks and policy measures to solve the excess capacity had been made.In 2016,Ministry of Industry and Information Technology of the People Republic of China formulated the "iron and steel industry adjust upgrade planning(2016-2020)”,which put forwards the idea on solving excess capacity and adjusting industrial layout particularly for iron and steel industry.With the process of solving overcapacity problems push forwards,the governance of excess capacity in our country gradually comes to the difficult phase.It is worth noting that Japan also experienced the rapid development of national economy in the 60 s to 80 s,and the GDP of Japan during the economic boom also ranked second in the world.As our neighbors and the world's third largest economy,the fast development of Japan's economy after the second world war has many similarities with our country's economic development in recent 30 years.Further study of formation,reasons and solutions of Japanese overcapacity is going to help to provide the experience and reference to dissolve excess production capacity in China.At first this article generalizes the background for the Japanese excess capacity from the perspective of Japan's economic boom after world war ii,and then analyzes the formation process and the reasons of Japanese overcapacity from the aspects of government,enterprise and international market demand,and studies Japanese countermeasures for its overcapacity problem.In the first part of the article,the author combs the domestic and foreign research status quo of excess production capacity for Japan,unearths in which research is insufficient,and put forward its own innovation points and research angles;Secondly the author elaborates the theoretical basis of this paper;Thirdly the author deeply analyzes the reason of Japan's excess capacity from the perspectives of government policies,the first oil crisis and higher yen quotation.Forthly the author studies the Japanese way of how to dissolve excess capacity from the angle of industrial policies,international transfer of capacity,energy and environment.In the first part of the article,the author carries out a comparative analysis on the reasons of excess capacity of China and Japan.Finally,in view of the present overcapacity problem China is facing,by reference to Japan's experience in dissolving excess capacity,the author puts forward some enlightenment for China of governing overcapacity problem from the aspects of government behavior,enterprise behavior,the energy and environment,etc.