IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-24317-4_2.html
   My bibliography  Save this book chapter

Domestic Crisis: Motor of Internationalisation

In: Japan and the New World Order

Author

Listed:
  • Rob Steven

    (University of New South Wales)

Abstract

It was widely recognised at the time that the massive outpour of Japanese foreign direct investment in the late 1980s resulted directly from the ‘high yen recession’ (endaka fukyō) of 1986–87. The near doubling of the yen’s value in 1986 confronted Japan’s leading export industries with what was in effect a near doubling of their domestic costs. Their three-pronged response comprised an outflow of foreign investment into countries with lower costs or no other way to maintain access to increasingly protected markets, an attempt to restructure into industries which were less dependent on exports, and a widespread domestic cost-down campaign to minimise the need to raise overseas prices (Steven, 1990).

Suggested Citation

  • Rob Steven, 1996. "Domestic Crisis: Motor of Internationalisation," Palgrave Macmillan Books, in: Japan and the New World Order, chapter 2, pages 41-69, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24317-4_2
    DOI: 10.1007/978-1-349-24317-4_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-24317-4_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.