The total value of foreign direct investment (FDI) into Japan increased to ¥28.6 trillion in 2017, bringing the country a step closer to meeting Prime Minister Shinzo Abe's goal of doubling such investment to ¥35 trillion by 2020, according to the Japan External Trade Organization.
The increase, of around ¥300 billion in 2017, was driven by strong growth from European and Asian investors, the latter of which are now playing a larger role in inbound investment.
Total FDI from Asia increased 10-fold to 2017 from 2000, driven recently by increased tourism from countries in the region to Japan, according to the data, which was released in a report Thursday.