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Japanese Exports and Foreign Direct Investment

In: Asia-Pacific Transitions

Author

Listed:
  • Pontus Åberg

Abstract

International investment flows have grown dramatically in the last few years. The total foreign direct investment (FDI) was $225 billion in 1994, up from $50 billion per year on average in the early 1980s. A major agent of FDI is the multinational corporation (MNC) which, until the last ten years or so, have been dominated by firms from North America and Europe. More recently, however, Asian MNCs, particularly those of Japan, South Korea and Taiwan, have also become important FDI sources.1 In Japan, the increase in FDI outflows may be traced to the 1985 Plaza Agreement where the yen was forced to appreciate vis-à-vis the currencies of its major trading partners. East and Southeast Asian countries were more or less tied to the dollar, so that the Japanese yen rose vis-à-vis the currencies of Japan’s neighbour countries. Japan’s total FDI increased rapidly after 1986. In the period between 1986 to 1989, FDI grew at an average annual rate of more than 50 per cent.

Suggested Citation

  • Pontus Åberg, 2001. "Japanese Exports and Foreign Direct Investment," Palgrave Macmillan Books, in: David E. Andersson & Jessie P. H. Poon (ed.), Asia-Pacific Transitions, chapter 15, pages 207-223, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62845-8_15
    DOI: 10.1057/9780230628458_15
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