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Japan's Rapidly Emerging Strategy Toward Asia


  • Edward J. Lincoln


Japan is in the process of developing much closer economic ties with its Asian neighbours, at both the government and private-sector levels. While there is little official support in Japan for the creation of any formal regional integration scheme, there is evidence of Japanese behaviour leading to what can be termed soft regionalisation with Japan as the dominant actor. A major increase in direct investment, supported by large amounts of foreign aid helping to create the necessary infrastructure for that investment, is the principal vehicle for the increasing Japanese involvement in Asia. Regional trade flows have shown less of a shift toward Japan, but that could change in the 1990s. The developing nations of Asia have been quite receptive to this rapid increase in the Japanese economic presence, and would be quite foolish to restrict the inflow of foreign aid and direct investment. Recipient countries should recognize however that the co-ordination between ... Le Japon est en train d'établir des liens économiques beaucoup plus étroits avec ses voisins asiatiques, tant sur le plan gouvernemental que privé. Alors qu'il y a peu de soutien officiel à la création d'un système d'intégration régional formel, des signes évidents montrent que le Japon est le principal initiateur de ce qui peut être considéré comme une régionalisation souple. La participation accrue du Japon dans les autres pays d'Asie se manifeste par une augmentation sensible de l'investissement direct accompagnée d'un afflux important d'aide officielle qui sert à mettre en place l'infrastructure nécessaire à cet investissement. L'évolution des échanges régionaux vers le Japon a été moins marquée mais ceci peut changer au cours des années 90. Les pays en développement d'Asie ont bien accueilli l'accentuation rapide de cette présence japonaise dans leurs économies et ils feraient preuve d'inconscience s'ils voulaient limiter cet afflux de capitaux étrangers et d'investissement ...

Suggested Citation

  • Edward J. Lincoln, 1992. "Japan's Rapidly Emerging Strategy Toward Asia," OECD Development Centre Working Papers 58, OECD Publishing.
  • Handle: RePEc:oec:devaaa:58-en

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    References listed on IDEAS

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    6. Alain Ize & Guillermo Ortiz, 1987. "Fiscal Rigidities, Public Debt, and Capital Flight," IMF Staff Papers, Palgrave Macmillan, vol. 34(2), pages 311-332, June.
    7. Jeffrey D. Sachs, 1989. "Introduction to "Developing Country Debt and the World Economy"," NBER Chapters,in: Developing Country Debt and the World Economy, pages 1-34 National Bureau of Economic Research, Inc.
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