甲午戰後，以台灣為生成、積累基礎的在台日資，由於在台資金的不易取得及台灣經濟尚未脫離;青代結構為最主要的客觀不利影響，使其自起步階手支使遇到許多困難。再加上初期來台日本商人本身商業技巧、對在台日本人社會的依粉等因素，使得在台日資在日治初期台灣經濟的變革過程中，無法取得主導的地位，充其量也祇是個資本參與者而已。結果，日治時代台灣經濟變革所需妥的資本，使不得不以日本國內的資本為主妥的來源。另一方面，在日治初期較可觀的在台日資，由其所有者的經歷及事業內容可了解，大都與台灣總督府所代表的國家權力保持一定密切關f車，此，點可託是此時期在台日資的重要特微。

Between 1895 and 1905， the Japanese capital ad a limited existence and accumulation in Taiwan though politically this island had been already under Japan's colonization. The reasons for this mismatch between political rule and economic role could be accounted by the fact that Taiwan's economy was still orientated towards the mainland China. Additional factors such as insufficient bussiness knacks and relying its commerce too much on the colonial government contributed further to its being merely a participant in， rather than the leader of， the overall economic activities in this colony.