On the basis of the analysis of the data obtained from five cruises of the R/V Xiangyanghong 09 and the data from Japan, it is shown that a large meander of the Kuroshio appeared again during 1986-1988. The processes of formation, maturity and decline of this large meander are discussed in this study. The variation of the volume transport at Section Kb (PN) in the East China Sea is related to the large meander of the Kuroshio in the area south of Japan. By using maximum entropy spectrum analysis,the volume transport of the Kuroshio and the swing of its axis are analysed and their major periods are obained.