Japan Liberalization of Policy on Foreign Investment*

We joined the OECD (Organisation for Economic Co-operation and Development) in 1964, because we are convinced that with the increasing interdependence of the economic communities of the world, a closer cooperation among the various national economies would contribute to the development of the respective economies and, in the long run, of the world economy itself and to the peaceful and cooperative relationship among the peoples of the world, and because we judged it was necessary for us, in the interest of the long-range development of our economy, to make efforts for creating a firm relationship of cooperation between our economy and those of other countries and for maintaining and expanding the freedom of capital movements as well as of current invisible operations.