ABSTRACT
Although the details o f Japanese capital' s entire current global strategy are beyond the scope of this study, I found it impossible to make sense of the new imperialism in Southeast Asia without grasp ing some of the finer points behind its strategy in the advanced capitalist countries of Europe and America . Here as elsewhere there are major regional and industrial concentrations : particular countries and groups of countries have specific roles to play in Japanese capital's emerging worldwide strategy. Its broad outlines were re vealed in a survey of 1702 non-financial quoted companies carried out in January 1987 . Of those intending to invest in the US in the next three years , 53 . 2 per cent aimed at sales outlets , 50 .2 per cent in the production of finished products , and 26 per cent in the production of components and intermediary goods . Investment plans in Asia had almost the opposite priorities : 57 . 9 per cent aimed at finished articles , 41 .2 per cent components and intermediary goods and only 39 .4 per cent sales outlets (Keizai kikakucho , 1987b , p. 45) .
