chapter  3
Structural origins of Japan’s direct foreign investment
ByRob Steven
Pages 16

In the six months to October 1989, the Direct Foreign Investment (DFI) that poured out of Japan for the first time topped $30 billion and pushed the accumulated total to a whopping $217 billion (Okurasho-1989). The speed and escalating scale of this development is most sriking when it is recognized that in the entire period to March 1981, the accumulated total was only $36 billion. It is thus a phenomenon of the 1980s and it has sent Japan into the next decade as a major imperialist power, indeed the leading power in the Asian and Pacific region.