Analysis Of The Impact Of Japanese Fiscal Policy On The Upgrading Of Manufacturing Industry

With the development of the economy,China's industrial structure is constantly optimizing and the proportion of the tertiary industry is rising.However,in the process of structural transformation,China still faces some problems.Such as excessive depen-dence on heavy industry and the lack of competitiveness of technology companies,especially the high-tech industries fall behind developed countries.Japan has plenty experience in the process of industrial transformation and upgrading,so understanding the upgrading of Japanese manufacturing industry has reference significance for China.Actually,Japan has experienced a glorious era from the decline of the post-war period to the rise of the manufacturing industry to the huge industry of the tertiary industry.However,in recent years,the "Made in Japan" that has supported the rapid development of the whole country has fallen to the "altar",and Japanese manufacturing faces with its own quality crisis.In the new era,Japan proposed the concept of "social 5.0" in a super-intelligent society,aiming at relying on new technologies such as artificial intelligence and Internet of Things to realize a new type of technology society.In order to promote the development of hightech industries,the fiscal policies have been constantly adjusted.But,unlike the government-led fiscal expenditure policies that focus on increasing public investment,social security spending has increased significantly.Through the analysis of the impact of fiscal policy on the upgrading of manufacturing industry,this paper has the following conclusions: Fiscal policy has an important impact on the upgrading of manufacturing industry.First,the increase in the scale of fiscal expenditure has promoted the upgrading of manufacturing industry in the short term,but at the same time,there is also a nagative effect.Socond,reducing taxation has a positive effect on the upgrading of manufacturing industry,so tax cuts will promote the upgrading of manufacturing industry in the long run.Moreover,the fiscal expenditure structure will upgrade the manufacturing industry.The investment spending is not conducive to the upgrading of manufacturing,and social security spending does not hinder the escalation.In the process of industrial transformation and development,China should also pay attention to the role of tax reduction in promoting the development of manufacturing industry.At the same time,we should avoid excessive investment and optimize fiscal policy to promote the upgrading of manufacturing industry.