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Abstract:
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For many years, Japan is always the second biggest investor in the world and the biggest investor in
ASEAN. Japanese Direct Investment (JDI) to ASEAN and China in recent years tends to increase. In the
21st century, in a new context, will Japan keep on investing in ASEAN and China? What should ASEAN
country do to attract JDI?. Part I of the paper generalize and analyse the scale and tendency of JDI to ASEAN and China from
1990 to 2002, showing an increasing trend that suitable with the "Back to ASEAN" policy of Japan.
ASEAN and China are always the favorist markets to Japan's investors. Competitiveness of each country
in ASEAN, and between ASEAN and China are revealed by the distribution of JDI in those countries. Based on theorical and practical analysis, part II of the paper pointed out the prospect of JDI in the
early 21st century. Japan will keep on investing in ASEAN and China. In ASEAN countries, scale and
proporttion of JDI are different due to the investment environment improvement of each country. It is
possible for Japan to invest in Thailand and Singapore because of the investment environment in this two
countries. This two countries are considered as the more attractive ones than any country in ASEAN.
Japanese investor also did business in Vietnam but the achivement is still limited compared with the two
countries' curent situation. |