APPENDIX A - COUNTRY DATA 1. Profile Population: 124,764,000 (estimate as of October 1, 1993) (Source: GOJ Statistics Bureau; Management and Coordination Agency Religions: Buddhism and Shinto (Christianity: 1% of population) Government System: Constitutional Monarchy/Parliamentary Democracy Languages: Japanese; English is the primary second language Work Week: Monday through Friday 9:00 a.m. to 5:00 p.m.; many companies and some governmental offices also work Saturday mornings 9:00 a.m. to 12:00 noon; average weekly hours worked in 1993: 43.3 2. Domestic Economy (millions of U.S. dollars, except as noted) 1993 1994 1995 (estimated)* (forcast)** Gross Domestic Product 3,788,700 3,841,742 3,945,469 GDP growth rate (%) 0.1 0.7 1.9 GDP per capita (USD thousands) 30,443 30,783 31,614 Government Spending as percentage of GNP (%) 17 18 18 Inflation (CPI) (%) 1.3 0.7 0.8 Unemployment (%) 2.5 3.0 3.2 Foreign Exchange Reserves 95,589 99,772 ** (as of May 1994) Average Exchange Rate (yen per dollar) 111.18 103.22 ** (Jan-Sep 1994) Foreign Debt NONE NONE Debt Service Ratio (ratio of principal and interest payments on foreign debt to foreign income exports of goods and services NONE NONE U.S. economic/military*** assistance NONE NONE Sources: GOJ Economic Planning Agency; Management & Coordination Agency; Ministry of Finance; Bank of Japan; OECD; 1994 estimates and 1995 forecasts (marked *) are from Consensus Economics, Inc. **As of July, 1994, volatility in the foreign exchange markets made for too wide a range of projections to allow for a meaningful forecast for 1995. The closing yen/dollar rate for July 14, 1994 was 98.19. ***The United States maintains 8 military bases in Japan. Japan pays 60% of the cost (excluding U.S. personnel cost) of maintaining the bases. 3. Trade (millions of U.S. dollars) 1993 1994 1995 (estimated) (forecast) Total Country Exports 360,911 356,219 351,588 Total Country Imports 240,671 251,260 262,315 U.S. Exports 105,405 99,871 94,628 U.S. Imports 55,236 60,318 65,868 U.S. share of host country imports (%) 22.9 24.0 25.1 Import of manufactured goods Total (from world) 125,200 120,693 116,348 From the U.S. 34,100 37,578 41,411 U.S. share of manufactured 27.2 31.1 35.6 goods (%) Projected average growth rate from world through 1996 14.6 Projected average growth rate through 1996 from the U.S. 13.3 Imports of Agricultural Goods (estimate for 1993; forecasts for 1994 and 1995) 1993 1994 1995 Total (From World) The U.S. Department of From the U.S.: Agriculture does not U.S. Share of Ag Imports: have data for this Ag Trade Balance with U.S.: period in question. Trade balances with Japan's three leading trade partners in 1993: (millions of U.S. dollars) U.S.A. 50,169 (surplus) Hong Kong 20,697 (surplus) Singapore 12,999 (surplus) Principal U.S. exports to Japan by tariff line item with HS code: 2801-2942 Chemicals 5200 Raw Cotton 8473 Parts and accessories for various office machines 8542 Electronic integrated circuits and microassemblies 8703 Motor cars and other motor vehicles mainly for transport of persons 8708- Parts and accessories of motor vehicles 8801-8805 Aircraft 9018- Instruments and appliances used in medical, surgical dental or veterinary sciences Principal U.S. imports from Japan by tariff item with HS codes: 2801-2942 Chemicals 5901-5911 Textiles 7201-8000 Iron and steel 8101-8311 Metal Products 8471 Automatic data processing machines and units thereof 8473 Parts and accessories for various office machines 8542 Electronic integrated circuits and microassemblies 8703 Motor cars and other motor vehicles mainly for transport of persons 8708 Parts and accessories of motor vehicles Sources: GOJ Ministry of Finance; Japan Tariff Association; Nomura Research Institute; Manufactured Imports Promotion Organization (MIPRO) D. Investment (source: Ministry of Finance) Foreign Direct Investment in Japan, by Country (Unit: millions of dollars; Annual Flow; Reporting Basis) JFY 1992 JFY 1993 Cum. Total (JFY 1950-1993) North America 1,424 1,079 13,504 U.S. 1,337 930 12,174 Canada 87 150 1,330 Europe 1,450 1,026 8,823 Netherlands 207 283 2,277 Switzerland 513 149 1,995 Germany 125 110 1,357 U.K. 254 67 1,403 France 167 79 598 Other 184 339 1,193 Asia 99 464 NA Singapore 18 268 NA Taiwan 25 143 NA Hong Kong 37 31 644 China 5 15 NA S. Korea 12 4 NA Other 2 3 NA Other Regions 777 165 NA Re-Investment 334 344 3,399 Total 4,084 3,078 29,933 Notes: (1) "Cumulative Total" for the period JFY 1950-84 includes only acquisitions of stocks and equities; it does not include liquid borrowed capital. (2) Data since January 1992 does not include acquisitions of less than 10 percent of non-listed companies' stocks and equities; acquisitions subject to the prior notification requirement are included. Foreign Direct Investment in Japan, by Industry (Unit: millions of dollars; Annual Flow; Reporting Basis) JFY 1992 JFY 1993 Cum. Total (JFY 1950-1993) Manufacturing 1,609 1,564 16,839 Machinery 653 672 7,940 Chemical 710 459 5,230 Petroleum 46 50 991 Metals 40 150 917 Foods 9 87 533 Glass/ceramics - 4 156 Rubber/leather 73 44 249 Spinning 5 6 89 Other 73 92 735 Non-Manufacturing 2,476 1,514 13,094 Commerce/Foreign Trade 1,194 879 5,800 Services 823 207 2,636 Banking/Insurance 147 34 1,752 Real Estate 230 90 1,208 Communications 48 27 323 Transportation 19 43 227 Construction 0 1 114 Other 14 233 1,034 Total 4,084 3,078 29,933 Notes: (1) "Cumulative Total" for the period JFY 1950-84 includes only acquisitions of stocks and equities; it does not include liquid borrowed capital. (2) Data since January 1992 does not include acquisitions of less than 10 percent of non-listed companies' stocks and equities; acquisitions subject to the prior notification requirement are included. Japanese Direct Investment Abroad, by Country (Unit: millions of dollars; Annual Flow; Reporting Basis) JFY 1992 JFY 1993 Cumulative Total (JFY 1951-1993) North America 14,572 15,287 184,868 U.S. 13,819 14,725 177,098 Canada 753 562 7,769 Europe 7,061 7,940 83,637 U.K. 2,948 2,527 31,661 Netherlands 1,446 2,175 18,397 Luxemburg 68 44 5,985 Germany 769 760 7,334 France 456 545 5,974 Oceania 2,406 2,035 25,817 Australia 2,150 1,904 22,667 New Zealand 67 34 1,262 Asia 6,425 6,637 66,517 Indonesia 1,676 813 15,222 Hong Kong 735 1,238 12,748 Singapore 670 644 8,481 Thailand 657 578 6,465 S. Korea 225 245 4,868 Malaysia 704 800 5,615 China 1,070 1,691 6,163 Taiwan 292 292 3,719 Philippines 160 207 2,150 Middle East 709 217 4,447 Saudi Arabia/Kuwait 98 22 1,586 Iran 378 - 1,385 U.A.E. 48 159 694 Saudi Arabia 100 - 470 Latin America 2,726 3,370 49,917 Panama 938 1,390 20,129 Cayman 647 841 8,977 Brazil 464 419 7,614 Bahama 134 38 3,733 Mexico 60 53 2,180 Africa 238 539 7,351 Liberia 234 502 6,275 Zaire - - 282 Total 34,138 36,025 422,555 Japanese Direct Investment by Industry; in the World and in North America (Unit: millions of dollars; Annual Flow; Reporting Basis) North America World JFY 1992 1993 Cum. 1992 1993 Cum. Manuf. 4,177 4,147 54,514 10,057 11,132 115,112 Food 387 107 2,694 517 888 6,123 Textiles 66 37 1,095 428 498 5,540 Wood/Pulp 304 80 2,588 431 346 4,057 Chemicals 402 652 6,575 2,015 1,742 16,300 Steel 380 225 5,252 824 754 12,794 Electrical Machinery 740 1,445 14,152 1,817 2,762 27,235 Transport Machinery 594 294 6,606 1,188 942 15,007 Other Mach. 321 399 5,122 1,104 1,171 11,491 Others 986 907 10,431 1,732 2,029 16,565 Non-Manuf. 10,384 11,042 128,637 23,720 24,627 300,293 Agri./Forestry 38 12 522 139 73 1,846 Fisheries 1 11 200 91 56 957 Mining 83 50 2,534 1,270 946 19,758 Construction 189 194 1,750 534 274 3,627 Commercial 1,667 1,805 22,879 3,705 5,096 45,364 Banking & Insurance 1,648 2,520 25,181 4,579 6,401 81,271 Service 4,376 1,889 29,690 6,530 3,543 50,152 Transport. 102 267 1,036 1,725 2,157 23,809 Real Estate 2,281 4,285 42,611 5,147 6,070 65,966 Other 0 8 2,233 - 10 7,543 Establishment of Branches 11 99 1,232 360 266 6,555 Total: 14,572 15,287 184,868 34,138 36,025 422,555 Foreign Direct Investment in Japan as a Percentage of GDP (in billions of yen) JFY 1992 JFY 1993 GDP 466,006.8 n.a. Annual FDI Inflow (A) 530.1 358.6 Cummulative FDI Stock (B) 3,485.8 3,487.2 (A)/GDP 0.11 pct --- (B)/GDP 0.75 pct ---