| Summary: | After the Second World War, Japan played a leading role in economic recovery and became the world’s second largest economic power. But in 1985, the Japanese entered the bubble economy. After the bubble burst in the early 1990s, Japan’s economy collapsed and fell into a “lost era.” Since then, Japan has not fully recovered. The lack of financial supervision bears an inescapable responsibility for the formation, development and bursting of Japan’s bubble economy. Japan should probably take comprehensive deepening reforms, especially supply-side structural reforms, as the main tasks of the current and next phases. China and Japan have a long history of economic cooperation and innovation cooperation with a good foundation. At present, some important changes have taken place in the global economic and technological conditions, which have had a trending influence on the economic innovation cooperation between China and Japan. The new technology revolution has greatly expanded the field of Sino-Japanese cooperation and innovated the cooperation method, and the prospect of win-win cooperation between the two sides will be even broader.
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