Title What Caused the Recent Surge of FDI into Japan ?
نویسنده
چکیده
In recent years, foreign direct investment (FDI) in Japan has jumped to unprecedented levels. This paper examines the underlying reasons, looking at both the international factors – the global boom in FDI and mergers & acquisitions (M&A) during 1998–2000 – and domestic regulatory, structural and other changes. It is argued that while domestic changes created the necessary conditions for Japan to participate in the global M&A boom, FDI inflows failed to develop a momentum of their own. Thus, rather than the result of a sudden transformation of the country into a major destination for global FDI flows, the recent surge in Japan was primarily driven by global trends. _________________________________________________________________________ *Correspondence: Ralph Paprzycki, Institute of Economic Research, Hitotsubashi University, Naka 2-1, Kunitachi, Tokyo 186-8603. E-mail: [email protected]
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تاریخ انتشار 2017