The Analysis Of The Economic Effect Of Japan’s Public Investment

The government’s public investment is an important part of the governmentexpenditure, and it has a huge impact to promote economic development and socialprogress.The economic effects of public investment mainly for short-term andlong-term impact on GDP、induced effects on the private sector、adjusting theindustrial structure、reducing regional disparities、improving the social securitysystem、promoting employment and so on. The government adjusts and improves thepublic investment policy in order to yield the greatest returns on economic.The Japanese government’s public investment plays an important role in theprovision of infrastructure and public services, promoting economic growth, adjustingthe industrial structure and coordinating regional economic development.From thepoint of view of public investment situation in Japan, the proportion of governmentinvestment in education and social welfare presents are on an upward trend with thedevelopment of the economic.More and more attention was paid by the government inorder to address the poverty, income inequality, higher unemployment problemthough the public investment.After the financial crisis of2008, China’s economy wasseverely affected,and China promulgated a series of measures to expand domesticdemand and promote economic growth.The public investment has played a role inpreventing the economic downturn and maintaining sustained economic growth.Asthe economy recovers, the proportion of the government’s public investment inproduction will be reduced gradually,public investment has a larger proportion ofnon-production externalities and education and research will increase gradually,and itsrole will also become important increasingly.Therefore, the study of the Japanese government’s public investment will have animportant theoretical and practical significance in adjusting and reforming thedirection of public investment, specifing the scope of public investment, scaling and optimizing the structure of public investment to promote the economic growth and thesocial development.Based on the different stages of economic development in Japan, this articlesummarized the experiences and problems of the Japanese public investment andeconomic impact of public investment to elaborate. On this basis, the text summed upChina’s public investment in this emerging issues and put forward some suggestions.