This study in its object has the clarification of the structural characteristics of the Japanese industrial development through the analysis of the ways of overcoming the maturity of the Japanese industries due to the rapid environmental changes in and outside the country in the 1990s. In the 1990s, Japan for the first time since the end of the war, experienced industrial structural adjustment without any distinct developing industry. Therefore, an application of the structural strategy of the 1970s would be evaluated as insufficient in solving the structural problem and in the long run, inefficient in invigorating the economy at a very high cost. Therefore, a systematic establishment for the creation of new industries was required despite the maturity through the induction of the market theory in its widest term. Further, for the said purpose, with various policy backups such as tax reform and deregulation, a reform in the management structure that corresponds to the technical developments of the private enterprises. In order for the Japanese economy to steer its course back to development, it seems a drastic technological reform enough to change the economical structure that US in the 1990s experienced may be the required factor along with the emergence of a new industry on such foundation. A simple policy of demand expansion such as an easy money policy and increase finance policy may bring about temporary boost in the economy but cannot be expected to result in the continuous revival of the economy. A demand incentive strategy without proper improvements is same as taking an excitant only to self‐destruct. Meanwhile the body will become old and useless. On the other hand, along with the absence of developing industry, problems regarding the absence of new products that would take the role of a tow truck for each industry, regarded as the greatest project for industry in its maturity, and orientation for the structure reform that would enable to free from the customary practice of the past with one sided growth should be dealt with. As could be seen with the developing process of the Japanese automobile industry, it must be regarded carefully that differences in strategies dealing with the changes of market environments consequently expanded differences in profits. Further, Japanese home appliances industry with their success during the Bubble economy of the 80s neglected to produce new products and as a result experienced depression with the absence of developing product.

This study in its object has the clarification of the structural characteristics of the Japanese industrial development through the analysis of the ways of overcoming the maturity of the Japanese industries due to the rapid environmental changes in and outside the country in the 1990s. In the 1990s, Japan for the first time since the end of the war, experienced industrial structural adjustment without any distinct developing industry. Therefore, an application of the structural strategy of the 1970s would be evaluated as insufficient in solving the structural problem and in the long run, inefficient in invigorating the economy at a very high cost. Therefore, a systematic establishment for the creation of new industries was required despite the maturity through the induction of the market theory in its widest term. Further, for the said purpose, with various policy backups such as tax reform and deregulation, a reform in the management structure that corresponds to the technical developments of the private enterprises. In order for the Japanese economy to steer its course back to development, it seems a drastic technological reform enough to change the economical structure that US in the 1990s experienced may be the required factor along with the emergence of a new industry on such foundation. A simple policy of demand expansion such as an easy money policy and increase finance policy may bring about temporary boost in the economy but cannot be expected to result in the continuous revival of the economy. A demand incentive strategy without proper improvements is same as taking an excitant only to self‐destruct. Meanwhile the body will become old and useless. On the other hand, along with the absence of developing industry, problems regarding the absence of new products that would take the role of a tow truck for each industry, regarded as the greatest project for industry in its maturity, and orientation for the structure reform that would enable to free from the customary practice of the past with one sided growth should be dealt with. As could be seen with the developing process of the Japanese automobile industry, it must be regarded carefully that differences in strategies dealing with the changes of market environments consequently expanded differences in profits. Further, Japanese home appliances industry with their success during the Bubble economy of the 80s neglected to produce new products and as a result experienced depression with the absence of developing product.

Industry Structure Reform, Dematurity, automobile industry, home appliances industry