Foreign Firms in Japan’s Securitites Industry in the 1980s and Post-Bubble Economy

Rapp, William V.

doi:10.1007/978-1-4615-4593-4_7

Cited by 3 publications

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“…Coupled with Japanese banks' weak presence in more advanced overseas markets, this means that Japanese banks have little opportunity to develop the skills necessary to compete with their industry-leading 44 See, e.g., Rapp (1999). 45 Jean-Francois Minier, Chairman of the EBC Banking Committee, interview on 11 May, 2005.…”

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The Impact of Foreign Direct Investment in Japan: Case Studies of the Automobile, Finance, and Health Care Industries

Paprzycki

2006

SSRN Journal

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Having historically received very little foreign direct investment, Japan has experienced a substantial increase in such inflows in recent years. This paper analyzes the impact of the growing presence of foreign firms on the Japanese economy through detailed case studies on the automobile, finance, and health care industries. The wholesale & retail and the telecommunications sector are also briefly examined. The case studies show that in the sectors considered, foreign firms in one way or another are contributing to a greater degree of competition, are exposing domestic firms to global best practice, and are increasing the range of products and services available in Japan. In many of the sectors, they are also contributing to changes in industry structure and employment practices. The case studies thus illustrate that foreign direct investment -even at its present levels, which, although large by Japanese standards, are still low in international comparison -can be an important catalyst for change and hence help to reinvigorate the Japanese economy.

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confidence: 99%