广场协议后日本对外直接投资的影响因素实证分析

Demonstration analysis of Japan foreign direct investment's influence factor after Plaza Accord

日本拥有庞大的海外投资,日本对外直接对外投资的研究一直备受关注。广场协议是日本对外直接投资的转折点,通过分析日本对外直接投资数据,实证分析发现广场协议之后日元汇率和日本的国际贸易额度是影响日本直接对外投资的重要因素。日元汇率的升高对增加日本直接对外投资有着明显的促进作用。日本的直接对外投资与国际贸易额度的关系是互补性的。随着日本国际贸易额的增加,也促进了日本的对外直接投资额的增加。

The Japan’s FDI which has a tremendous amount has already been an important topic in academic study.The Plaza Accord was a turning point of Japan’s FDI.By analyzing the data of Japan’s investment,we found that the yen exchange rate and Japan’s international trade amount were the two important factors of Japan’s FDI,after the Plaza Accord.The appreciation of the yen exchange rate played a significant role in promoting the Japan’s FDI.Furthermore,the relationship of Japan’s FDI and its international trade amount is complementary.With the growth of international trade amount in Japan,the Japan’s FDI is also increased.