Jiji Press WASHINGTON (Jiji Press) — Japan came in third in terms of foreign direct investment in the United States in 2017, up from eighth in the preceding year, a U.S. Commerce Department report showed Wednesday.
Japan’s investment stood at $34 billion, according to the data. Canada ranked top, with $66.2 billion, followed by Britain, with $40.9 billion. China remained fifth, but the amount of its investment halved to $14 billion.
Overall foreign direct investment in the United States last year sagged 31.6 percent to $259,607 million, down for the second straight year, reflecting a drop in business acquisitions. The 2017 total was down some 40 percent compared with a recent peak in 2015.
Foreign direct investment in the United States is expected to decrease further because the U.S. government plans to toughen related regulations apparently with the aim of preventing China from acquiring cutting-edge technologies held by U.S. entities, informed sources said.Speech