The Analysis of the Industrial Policy in Japan

Abstract

The paper analyzes the issues of the Japanese experience of industrial policy, which managed to overcome significant challenges in economic and social development of the country. Japanese experience of industrial policy is unique, due to the fact that the government provides the planned economic policy of integrated industrial development at the macro and micro levels, with emphasis on the competitive advantages of some regions of the country and on the active involvement of the private sector in various projects of public-private partnership. At the same time, the mechanism of Japanese industrial policy has demonstrated its viability in different historical periods of the economic development of the country.