Mr. Naoyuki Haraoka's blog

Mr. Naoyuki Haraoka's picture

Increasing Inward Mergers and Acquisitions of Japanese Companies and their Implications

Traditionally, outward mergers and acquisitions (M&As) of non-Japanese firms by Japanese firms have represented the dominant percentage of total M&As involving Japanese companies. However, past patterns are shifting with overseas companies’ acquisition of Japanese companies constituting a greater percentage of total M&A.

Mr. Naoyuki Haraoka's picture

Japanese MNCs in China Are Increasing the Use of the Yuan in Intra-firm Trade with Japan

The internationalization of Chinese yuan is fully underway with rising use in trade, settlement, and financial transactions. To what extent do Japanese multinational corporations (MNCs) in China, which have numerous subsidiaries and extensive production chains there, use the yuan in their transactions?

Mr. Naoyuki Haraoka's picture

Ratification of the TPP is Necessary for the Interests of MNCs

The Trans Pacific Partnership (TPP) agreement has a number of provisions critical for protecting the interests of foreign multinational corporations (MNCs).

Mr. Naoyuki Haraoka's picture

Japan’s Growing Popularity as a Tourism Hotspot Will Drive Competitive Pressures and Reform in the Japanese Service Sector

The Japanese service sector is attracting much business attention today from international hotel chains, real estate businesses, and other service companies due to the increasing number of foreign visitors to Japan. Moreover, the numbers will increase significantly due to the upcoming 2020 Tokyo Olympics and Paralympics.

Mr. Naoyuki Haraoka's picture

The Changed Mission of Japanese Firm Subsidiaries Overseas

“Supply chain” is a term that captures well the essence of the activities of Japanese firms’ subsidiaries abroad. Their overseas plants, particularly in the machinery industry in Asia, are geared towards manufacturing components to take advantage of cheap labor in other Asian countries. Later the components they produce will be assembled in factories in Japan or other sub headquarters in big cities near their components producing factories.

Mr. Naoyuki Haraoka's picture

AIIB Infrastructure Financing and its Impact on Investment Flows to Developing Countries

The Asian Infrastructure Investment Bank (AIIB), a newly created Chinese-led regional development bank, is now attracting global attention from governments, businesses, and analysts and seems to be at the center of the debate on global governance; that is, whether it should be US- or China-led in the future. The US and Japan have opted not to join this bank since its governance and objectives remain unclear and, in particular, because it is uncertain how the AIIB will cooperate (or compete) with the existing international financial institutions such as the Asian Development Bank (ADB) and the World Bank.

Mr. Naoyuki Haraoka's picture

Japan’s New Corporate Governance Code and Its Investment Implications

At the end of 2014, the Japanese Financial Services Agency (FSA) announced a new code of corporate governance, to be adopted in June this year, to advance the “third arrow” (structural reform) of “Abenomics,” Japanese Prime Minister Abe Shinzo’s multi-pronged program for reinvigorating Japanese economic growth.

Mr. Naoyuki Haraoka's picture

The Tokyo Olympics & Paralympics in 2020: A Stepping Stone to “Amazing Japan”?

The Japanese economy is struggling hard to escape deflation. This coupled with a shrinking domestic market resulting from depopulation is pushing many Japanese firms to move their facilities overseas, mostly East Asia, in order to gain additional market opportunities. To replace the capital lost to other East Asian countries, Japan needs to attract more inward foreign direct investment (IFDI).

Pages