economy in the Pacific Basin. Our particular attention is paid to two emerging countries; China and Mexico. In what we call … continent countries and four European countries. Our empirical results suggest that the exports of China and Mexico are directly … competing with those of Japan in US markets while the exports of China and Mexico to the US also appears to be promoted partly …

evidence that Chinese and Japanese exports are substitutes in the US market while the exports of China to the US are partly … promoted by Japanese FDI to China. The estimation result confirms a view that China competes vigorously with Japan in the US … market while Japanese multinationals are adjusting their production bases to China in a process of reforming a new global …