Combustion characteristics on diesel-water emulsion are analyzed in high pressure injection for several variables such as water content, injection pressure and injection timing. As a fact of well-known, maximum combustion pressure was decreased and ignition delay was elongated in accordance with increasing of water content. But these characteristics were enhanced with increase of injection pressure to high pressure. It was shown that combustion of neat diesel in case of injecting with 600bar is similar to that of 20 % diesel-water emulsion was injected at 1200 bar.