Japanese Multinational Companies: Management and Investment Strategies Book

	The Authors	IX
	List of Abbreviations	X
1.	International Capital Flows	1
	Recent Trends in International Capital Flows	5
	Foreign Direct Investments	8
	Characteristics of International Capital Inflows	11
	Capital Flows Since the 1980s	16
	Developments Since 1991	17
	The Role of International Mergers & Acquisitions	20
	Capital Flows to the Developing Countries	21
	Asian Economic Crisis and Capital Flows	29
2.	Global Environments for Japanese Multinational Companies	31
	Political Economy of the Relationships Between Multinational Companies and Governments	32
	International Business Law Regarding Foreign Investments	35
	Characteristics of the Foreign Direct Investment and Trade Theory	36
	Economic Rationales for Incentives and Disincentives to Foreign Investment	37
	Non-economic Rationales and their Effects: Sovereignty and Foreign Firms	41
	Alternative Approaches to Foreign Investments in International Business Law	43
	Major Aspects of Trade-related Intellectual Property (TRIPs)	45
	Business Law Regarding Foreign Investment in Malaysia	47
	Business Law Regarding Foreign Investment in Singapore	48
	Business Law Regarding Foreign Investment in Korea	50
	Business Law Regarding Foreign Investment in China	51
	Business Law Regarding Foreign Investment in Taiwan	53
	Business Law Regarding Foreign Investment in Hong Kong	55
	Business Law Regarding Foreign Investment in Philippines	55
	Business Law Regarding Foreign Investment in Indonesia	57
	Business Law Regarding Foreign Investment in Thailand	58
	Business Law Regarding Foreign Investment in India	60
	Business Law Regarding Foreign Investment in Germany	62
	Business Law Regarding Foreign Investment in the United Kingdom	64
	Conclusion	64
3.	Domestic Environments for Japanese Companies	67
	The Cultural Environment of Multinational Business	68
	Cross-cultural Management	69
	Competitive Strategies of Japanese Companies	72
	Japanese System of Product Development	75
	Operation Management System of Japanese Corporations	76
	Manufacturing Process and Control System in Japan	84
	Financial System in Japan: Implications of Deregulations and Entry of Foreign Financial Institutions	85
	Conclusion	88
4.	Expansion of Japanese Foreign Investments	91
	Developments Since 1980	91
	Investments in North America	100
	Investments in Europe	102
	Portfolio Investments in the United States and Europe	104
	Investments in Asia	107
	Investments in the Middle-East and Africa	116
	Investments in Latin America	117
	Performance of Japanese Subsidiaries	118
	Impacts of a Recent Crisis in Japan and East Asia on Foreign Direct Investment	124
	Conclusion	129
5.	Japanese Foreign Investments Strategies and Their Impacts	131
	Introduction	131
	Objectives of Japanese Foreign Direct Investments	132
	Effects on Trade Between Japan and Host Countries in Asia	135
	Changing Trade Structure with the Asian Countries	136
	Impacts of Overseas Activities on Trade and Domestic Production	143
	Networking and Intra-Regional Trade	145
	Impacts on the Domestic Economy of Japan	146
	Japanese Multinational Companies in ASEAN Electrical and Electronic Industries	149
	Japanese Investments	150
	Conclusion	151
6.	Strategic Planning Process in Japanese Multinational Corporations	153
	Basic Steps in Strategic Planning	154
	Functional Strategies in Multinational Corporations	158
	Organizational Characteristics of Multinational Corporations	161
	External Analysis of Strategic Planning Process in Multinational Corporations	163
	External Analysis at Industry Level in Multinational Corporations	165
	Internal Analysis in Multinational Corporations	166
	Strategic Planning Process in the Nissan Motor Co.	171
	Strategic Planning Processin the Toyota Motor Co.	178
	Strategic Planning Process in the Honda Motor Co.	187
	Conclusion	196
	Appendices	198
7.	Human Resources Management of Japanese Multinational Companies	207
	Theories X and Y	207
	Analysis of the International Division of Leadership	209
	Leadership Behaviours and Styles	210
	The Role of Level, Size and Age on Western Managers' Attitudes towards Leadership	211
	Leadership Styles in Japan	212
	Analysis of the Human Resources Management and Leadership Style of the Nissan Motor Co.	213
	Analysis of the Human Resources Management and Leadership Style of the Toyota Motor Co.	216
	Analysis of the Human Resources Management and Leadership Style in the Honda Motor Co.	217
	Difference Between Japanese and Western Leadership Styles	220
	Conclusion	222
	Conclusions	226
	References	229
	Author Index	237
	Subject Index	239