The invention discloses a floating breakwater and a method capable of giving consideration to an inner oscillation water column wave energy conversion function. In the floating breakwater capable of giving consideration to the inner oscillation water column wave energy conversion function, the exterior of a floating body is anchored into a seabed through an anchor rope connection sinking block; anoverhauling channel is arranged at the upper part of the floating body; and wave energy conversion related configurations are arranged in the floating body, and comprise an air chamber, an air turbine, a turbine bracket, a linkage shaft, a generator, a cushion layer and an air chamber inner water body. A realization method of the floating breakwater capable of giving consideration to the inner oscillation water column wave energy conversion function comprises the steps of a breakwater arrangement process, a process of the floating body eliminating the wave effect, a wave energy conversion output process and an overhauling process. On the basis of maintaining traditional wave retaining and eliminating functions of the floating breakwater, the wave energy conversion function is realized byusing the oscillation design of water in an air chamber, and the power output in the wave energy conversion process is continuous, so that the reliability is good; the stress design of the breakwateris reasonable, and the durability is excellent; and meanwhile, the construction cost is low, and the engineering production advantages are obvious.