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Tokyo (ANTARA News/Asia Pulse) - Japan's direct investment in foreign countries plunged 47 per cent to 7.03 trillion yen (US$77.7 billion) last year after hitting a record 13.23 trillion yen in 2008, according to the Bank of Japan.

Investment in North America plummeted 78 per cent to 1.02 trillion yen, while such spending in European Union nations tumbled 32 per cent to 1.59 trillion yen. The decline was held to a 3 per cent drop to 640 billion yen in China.

Meanwhile, earnings repatriated from Japanese firms' Chinese subsidiaries jumped 37 per cent to 582.3 billion yen, while those from European units fell 32 per cent to 543.6 billion yen. The amount of earnings brought back from North American operations sank about 30 per cent to roughly 1 trillion yen.


Source:
Business in Asia Today - March.8, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

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