The revaluation of the yen in 1985 helped to stimulate a dramatic increase in the already massive level of Japanese outward investment. Most developed countries now host a large and growing community of Japanese businessmen, and Japanese corporations are major players in virtually every market. Japan and the Global Economy analyzes the remarkable growth in Japanese outward investment, and the effects of this investment upon the countries who receive it and upon the Japanese. It was Japanese investment in manufacturing, particularly in high profile industries such as automobiles, that first attracted widespread attention. This study gives particular emphasis to manufacturing, and also includes numerous examples from the service sector. Its coverage is international, and includes individual chapters on the three major trade blocks the European Community, North America, and Southeast Asia.