The revaluation of the yen in 1985 helped stimulate a dramatic increase in the already high level of Japanese outward investment. Few developed countries do not now host a large and growing community of Japanese businessmen and Japanese corporations are now major players in more or less every market. Japan and the Global Economy looks at the reasons for this growth and at the impact of Japanese FDI, both on the countries who receive it and on the Japanese. It was Japanese investment in manufacturing, particularly in high profile industries like automobiles, that first caught widespread attention. Consequently this book pays particular attention to manufacturing, but it also includes individual chapters on the three major trade blocks - the European Community, North America and South East Asia.