In recent years，Japan’s energy finance has witnessed some new changes. The financial support to renewable energy sector，overseas large project and ocean energy development has been significantly strengthened. The core of energy finance is the market-oriented pricing mechanism，which focuses on pricing control over world energy commodities by major countries，especially oil pricing competition，among which futures prices play a decisive role in the international oil market pricing. As one of the world’s three major oil futures market，TOCOM is facing the difficulty of reducing oil market transactions，and has adopted a series of new initiatives，including plans to integrate energy market such as electricity and LNG on the basis of oil futures market，and to creat a comprehensive trading market in the future. At present，China’s crude oil futures market has entered a substantive stage，the Japanese experience is worth drawing upon.