Table of Contents

Japanese Investment in the World Economy

Japanese Investment in the World Economy

A Study of Strategic Themes in the Internationalisation of Japanese Industry

New Horizons in International Business series

Roger Farrell

This book examines Japanese Foreign Direct Investment (FDI) in the world economy over more than five decades. It provides a unique focus on the internationalisation experience of selected industries, such as forestry, textiles, electronics, motor vehicles, steel and services as well as case studies of individual firms. Japanese Investment in the World Economy is distinctive in that it examines overseas investment by firms in the primary, manufacturing and services sectors over the period in which the Japanese economy became the second largest in the world.

Chapter 8: Fisheries and Resource Security

Roger Farrell

Subjects: asian studies, asian business, asian economics, business and management, asia business, international business, economics and finance, asian economics


OVERVIEW As an island economy, Japan has long been reliant on fishery resources. Food sourced from the ocean accounted for around 40 per cent of protein consumed in Japan in 2000. Fish and fishery products are a basic part of the Japanese diet and the national culture. Consequently the Japanese government has long been concerned with maintaining the viability of the Japanese fishing industry, particularly in overseas fisheries, as a means of ensuring food security. Official policy measures have therefore encouraged both public and private overseas investment in the industry (OECD, 2003). Japan’s fishing industry has declined in the post-war period due to comparatively high operating costs and diminishing access to fishery resources. In 1960 the fishing industry accounted for 1.5 per cent of the workforce, but this share had declined to 0.3 per cent by 2003. Japan’s total fishing catch declined from around 13 million tonnes in 1984 to 6 million tonnes in 2003, partly due to a diminution of international fishery stocks. In line with this structural decline, the number of fishery workers in Japan has fallen from over 457,000 in 1980 to around 260,000 in 2000. The percentage of male fishery workers over 60 years in age rose sharply from 28 per cent in 1990 to 45 per cent in 2000, clearly showing the ageing of the fishery workforce. Further, access to fishery resources in Japanese coastal seas had been restricted by regulations designed to bolster marine stocks. The Fisheries Law sets out rules...

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