Japanese Investment in the World Economy
Show Less

Japanese Investment in the World Economy A Study of Strategic Themes in the Internationalisation of Japanese Industry

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.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 10: Forestry, Lumber and Pulp

Roger Farrell

Extract

10. Forestry, lumber and pulp OVERVIEW Japanese investment in overseas forestry, lumber resources and pulp and paper processing facilities has occurred to supplement the use of forests in Japan, partly due to rising costs and the imposition of greater restrictions on use of domestic forestry reserves. Overseas investment has sought to secure access to alternative forestry resources for processing in Japan, which is a major importer of lumber, woodchips and wood pulp. These raw materials and intermediate products are processed in Japan for industries such as construction and paper manufacturing. In the post-war period, domestic forestry resources initially supplied most of Japanese demand for lumber and wood pulp, but fast growth led to resource shortages and investment overseas to secure supplies of forestry resources, as well as lumber and pulp. Cost and access considerations also drove overseas investment and encouraged a greater reliance on imports – which have accounted for a rising share of market supplies of forestry products. Even in 2005, Japan’s forest covered over sixty per cent of its total land area but was not readily available for all domestic needs. Over the last half century, the direction of trade and investment by the Japanese forestry, lumber, pulp and paper industries has shifted continually: from an early reliance on the Philippines, which eventually placed a ban on forestry exports because of deforestation, to Malaysia, then Indonesia and also Canada, in response to changing access arrangements for forestry resources and fluctuations in world prices. Political concerns over the environmental impact...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.