Japanese property development in Australia

Berry, Michael J.

doi:10.1016/0305-9006(94)90001-9

Cited by 6 publications

(1 citation statement)

References 30 publications

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“…The third stage came subsequent to the revaluation of the yen in 1985, and the beginning of the so-called high growth 'bubble economy' (1987-90) (Wood, 1992). This period saw a surge of Japanese service sector activity in Pacific Rim countries, especially in finance, services, construction and real estate, fuelled by interest rates in Japan which were the lowest in the world together with rising stock and property assets which could be used as collateral (Rimmer, 1992(Rimmer, , 1994aBerry, 1994;Edgington 1995Edgington , 1996. In addition, Japanese tourists greatly expanded in numbers over the late-1980s and tended to utilise Japanese travel firms and airlines exclusively when going overseas (Mera, 1990).…”

Section: Hierarchies Of Service Centres and Japanese Service Firmsmentioning

confidence: 99%

Japanese service sector multinationals and the hierarchy of Pacific Rim cities

Edgington¹,

Haga²

1998

Asia Pacific Viewpoint

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The explosive growth of Japanese service sector activities overseas since 1985 has had a significant impact on Pacific Rim cities. However, previous accounts of Japanese direct foreign investment in services have been constrained by official statistics which provide comparative information only at a national level. This paper uses establishment level data to assess changes in the spatial patterns of Japanese service firms among 35 cities as well as changes in the hierarchy of cities in the Pacific during the years 1985 to 1995. The period saw important changes in Japan’s economy such as the emergence of a ‘bubble economy’ up to 1990 and domestic recession after that. The results show the importance of Hong Kong, Singapore and Los Angeles as centres of Japanese service firms. However, the analysis indicates that a shift occurred in Japanese service sector focus over the study period, across the Pacific Rim from North America and Oceania to cities of the Asia‐Pacific region. Along with that shift the concentration of services in just a few cities has remained unchanged, even though some new cities have emerged in importance.

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