TOKYO — Japanese companies’ earnings from overseas investments topped 30 trillion yen ($209 billion) for the first time last year, with U.S. investments accounting for 26% of the total, the most of any country.
This reflects the growth of Japanese acquisitions and factory construction on American soil. But with the economic outlook uncertainty over U.S. President Donald Trump’s tariff policy, some caution against overreliance on the U.S. market.