Following the collapse of the Japanese financial bubble during the 1990s, Japanese corporations came to be saddled with increasingly large underfunded pension obligations. The gap between the level of retirement benefit promised and the market performance of retirement funds widened alarmingly,...

This paper investigates the empirical determinants of the initial FDI entry decisions by Japanese firms to enter into the U.S and Taiwanese markets. The study is based on a full-sample survey of firms listed on Japanese stock exchanges and is for the period 1976-2000. We find that a number of...