In the year 2016，As the world economy continues to recover，which promotes Japan’s domestic and external demands，Japanese economy also continues to recover with the decline of unemployment rate. However，the enterprise revenue grows at a slower pace and the equipment investment and private consumption are in recession. Due to the delay of consumption-tax rise，Japan may gain a stable growth rate in 2016，with the prospect of a mild economic recovery. In the context of China’s economic recovery，the slow rise of labor cost grows and the improvement of Sino-Japanese relations，there is also a trend of recovery for Sino-Japanese economic relations，with a narrow decline of bilateral trade volume and Japan’s FDI to China，a significant growth of China’s FDI to Japan，and the increase of China’s holding of Japanese bonds up to 11 trillion Yen，reflecting a sign of “cold Politics and warm economy” between China and Japan. The year 2017 marks the 45th anniversary of the normalization of Sino-Japanese relations. The improvement of bilateral political relations will contribute to the recovery of economic and trade cooperation.