U.S. direct investment in Japan fell to a cumulative value (historical-cost basis) of $79.2 billion in 2008. Major investment sectors included finance and insurance ($28.0 billion); manufacturing ($17.4 billion); wholesale trade ($9.0 billion); holding companies ($5.9 billion); information ($5.6 billion), and professional, scientific, and technical services ($2.8 billion).

Japanese direct investment in the United States reached a cumulative value (historical-cost basis) of $259.6 billion in 2008. Major investment sectors included wholesale trade ($108.3 billion), manufacturing ($87.0 billion), finance and insurance ($21.7 billion), depository institutions ($10.3 billion), real estate and rental and leasing ($6.9 billion), and retail trade ($6.1 billion).

U.S.-JAPAN DIRECT INVESTMENT HISTORICAL-COST BASIS ($ MILLIONS) Year U.S. in Japan Japan in U.S. 1994 34,117 98,513 1995 37,309 104,997 1996 34,578 116,144 1997 33,854 125,041 1998 41,423 134,340 1999 55,120 153,815 2000 57,091 159,690 2001 55,651 149,859 2002 66,468 147,372 2003 57,794 157,176 2004 71,005 174,490 2005 81,175 189,851 2006 84,428 204,020 2007 81,923 230,453 2008 79,235 259,569

Source: Bureau of Economic Analysis, U.S. Department of Commerce, http://www.bea.gov/