Japan is still heavily investing in North America, particularly the United States, but the growth area is in Asia, particularly in China, although the amount in absolute terms is still small. In 1994 Japanese investment in North America was $17.8 billion, an increase of 17% over 1993, whereas in China it was $2.6 billion, a 52% increase over 1993. Japanese investment in Western Europe showed a 22% decline, to a $6.2 billion annual level. Overseas production has steadily been increasing, but production in Japan has been decreasing, although it seems to have flattened out in the last two years.

Published: September 1998; WTEC Hyper-Librarian