directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct … investments in the United States. Using an original firm-level data set on Japanese firms' FDI and innovative activity find … evidence that FDI increases the flow of knowledge spillovers both from and to the investing Japanese firms …

: the continued decline in Japanese FDI during a period of stable stock prices and a rapidly appreciating yen. However, when … are able to show that unequal access to credit by Japanese firms can explain the FDI puzzle in the 1990s. We utilize a … unique data set that links individual Japanese firms engaged in FDI to their main banks. Using both bank-level and firm …

Using a unique database on all Japanese manufacturing plants in the United States, we examine the relationship between … plant size and growth for these foreign-owned plants. These plants average sizes are three times larger than comparable U ….S. plants and experienced 30 percent growth from 1987 through 1990, while U.S. average plant sizes declined over the same period …

Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production … level. This relationship is similar to that found for Swedish and U.S. multinationals in parallel studies. A Japanese parent …, Japanese firms resembled U.S. multinationals. A Japanese parent's employment, given the level of its production, tends to be …