Recent developments in multi-storey buildings for residential purpose have led to the extensive use of shear walls for the basic structural system. When the coupled shear wall system is used, joined together with cast-in-place concrete or mortar (or grout), the function of the continuous joints is a crucial factor in determining the safety of L.P. Precast concrete shear wall structures, because the function of the continuous joints(Vertical wall to wall joints) is to transfer froces from one element(shear wall panel) to another, and if sufficient strength and ductility is not developed in the continuous joints, the available strength in the adjoining elements may not be fully utilized. In this paper, the influence of the stiffness of vertical joints(wet vertical keyed shear joints) on the behaviour of precast shear walls is theoretically investigated. To define how the stiffness of the vertical joints affect the load carrying capacity of L.P.Precast concrete shear wall structure, the L.P.Precast concrete shear wall structure is analyzed, with the stiffness of the vertical joints varying from $K=0.07kg/mm^3$(50MN/m/m) to $K=1.43kg/mm^3$(1000MN/m/m), by using the continuous connection method. The results of the analysis shows that at the low values of the vertical stiffness, i.e. from $K=0.07kg/mm^3$(50MN/m/m) to $K=0.57kg/mm^3$(400MN/m/m), the resisting bending moment and shearing force of precast shear walls, the resisting shearing force of vertical joints and connecting beams are significantly affected. The detailed results of analysis are represented in the following figures and Tables.