Research Programs: International Trade and Investment

Studies on Foreign Direct Investment and Multinationals: Impediments, Policy Shocks, and Economic Impacts

Project Leader/Sub-Leader


JINJI Naoto (Faculty Fellow)



This project aims to analyze the impact of Japan's inward foreign direct investment (FDI) on the domestic economy, impediments to such FDI, and the effects of changes in policy and firms' financial constraints on FDI and activities of multinational enterprises (MNEs). The following are the main themes of this project: (i) the impact of Japan's inward FDI and its impediments; (ii) inward FDI and labor market conditions and/or the wage premium of foreign-owned firms; (iii) the effects of financial constraints on the ownership structure of FDI; (iv) the impact of changes in policy on inward FDI and activities of MNEs. Each of the main themes may include some sub-themes. The implementation of this project is an attempt to make academic contributions to the literature on FDI and provide a number of policy implications to assist an increase in Japan's inward FDI.

November 2, 2020 - April 30, 2023

(During the research project period, the research activity period is set from November 2, 2020 to January 31, 2023, and the data usage reporting period is set from February 1, 2023 to April 30,2023.)

Major Research Results


RIETI Discussion Papers


RIETI Discussion Papers


RIETI Discussion Papers