Finance and Credit

On attracting the U.S. direct investments into the Japanese economy

Vol. 24, Iss. 5, MAY 2018

Received: 7 March 2018

Received in revised form: 28 March 2018

Accepted: 23 April 2018

Available online: 29 May 2018

Subject Heading: INVESTING

JEL Classification: F02, F21, F36

Pages: 1229-1246

Koshko O.V. Vologda State University, Vologda, Russian Federation

Romanova E.M. Federation Council of the Federal Assembly of the Russian Federation, Moscow, Russian Federation

ORCID id: not available

Subject The article examines major trends in attracting foreign direct investment (FDI) of transnational corporations (TNC) of the United States into the Japanese economy.
Objectives The purpose is to study new features and trends in the export of U.S. direct investment to Japan in the late 90's – early 2000's, identify measures aimed at attracting overseas capital to the Japanese economy and determine what Japan is doing to increase it, analyze main problems in attracting foreign funds.
Methods The study employs methods of scientific abstraction and statistical analysis based on foreign literature.
Results We analyzed major trends in the investment cooperation between the USA and Japan, defined prospects for U.S. direct investment in the economy of Japan, FDI volume, dynamics and structure, considered problems and prospects for attracting direct investment of U.S. TNCs in the economy of Japan.
Conclusions and Relevance For recent decades, Japan has created a favorable environment for further attraction of foreign direct investment through a number of structural reforms, and constantly diversifies this sphere. There are some problems related to economic policy of the USA, which is targeted at improving the investment climate in the country. The prospects for bilateral investment cooperation between the USA and Japan are very uncertain. Mutual trade, economic and investment cooperation with Japan and other Asia-Pacific countries are unclear.

Keywords: foreign direct investment, world economy, transnational corporation, capital


  1. Zimenkov R.I. [New trends in the activity of American TNCs abroad]. Rossiya i Amerika v XXI veke, 2009, no. 1. (In Russ.) URL: Link
  2. Kirillov A.N. [Two years of 'Abenomics': The first results]. Vestnik Kemerovskogo gosudarstvennogo universiteta = Bulletin of Kemerovo State University, 2015, no. 1-2, pp. 226–228. (In Russ.)
  3. Leont'eva E.L. [Japanese Economy in 2012–2013. The New Economic Policy]. Yaponiya. Ezhegodnik = Yearbook Japan, 2013, no. 42, pp. 60–72. (In Russ.)
  4. Lam K.-Ch. Did Abenomics’ Two Arrows Hit the Bulls? Journal of Applied Finance & Banking, 2015, vol. 5, no. 3, pp. 47–61. URL: Link
  5. Rebrei S.M. [Japanese FDI in Russia’s economy: Scale, problems, prospects]. Mirovoe i natsional'noe khozyaistvo = World and National Economy, 2015, no. 1, p. 5. (In Russ.)
  6. Supyan V.B. [USA in the world economy at the beginning of 21st century]. SShA i Kanada: ekonomika, politika, kul'tura = USA v Canada: Economics, Politics, Culture, 2008, no. 1, pp. 3–16. (In Russ.)
  7. Zimenkov R.I., Romanova E.M. [American TNCs Abroad: Strategy, Directions, Forms]. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2004, no. 8, pp. 45–53. (In Russ.)
  8. Romanova E.M. [American direct investments in Japanese economy]. SShA i Kanada: ekonomika, politika, kul'tura = USA v Canada: Economics, Politics, Culture, 2007, no. 9, pp. 87–105. (In Russ.)
  9. Korovin N.M. [Attracting FDI to Japan (2000–2015)]. Yaponskie issledovaniya, 2017, no. 1, pp. 33–45. (In Russ.) URL: Link
  10. Kostyleva A.V., Bychkova L.V. [Foreign TNC in the world economy]. Molodoi uchenyi = Young Scientist, 2017, no. 2, pp. 450–453. (In Russ.)
  11. Ushanov S.A. [The American transnational corporation and the questions of external economic safety]. Naukovedenie, 2017, vol. 9, no. 3, p. 3. (In Russ.)
  12. Molodyakov E.V. (ed.) Yaponiya: opyt modernizatsii [Japan: Experience in Modernization]. Moscow, AIRO-XXI Publ., 2011, 280 p.
  13. Rebrei S.M. [Japan in international capital movement]. Vestnik MGIMO Universiteta = MGIMO-University Bulletin, 2016, no. 4, pp. 274–285. (In Russ.)

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 24, Iss. 9
September 2018