ABSTRACT

The internationalization of the Japanese economy has been proclaimed repeatedly even if this observation is limited to the post-war era. The specific meaning of internationalization has varied with each successive wave, but generally speaking, up to the end of the 1980s, the trend was from internal internationalization – the internationalization of the Japanese economy itself – to external internationalization – the international influence of the Japanese economy. The latter can be referred to as ‘international Japanization’. Considering the growing status of Japan in the global economy, such a trend was only natural (Ozawa 1995; Kudō 1994a, 1995a).