自1985年9月日元大幅度升值以来,特别是进入90年代后,日本和亚洲“四小”加速产业结构调整,对外直接投资迅速扩大,特别是亚洲“四小”已崛起为该地区继日本之后又一重要的资金供应者,使该地区的发展中国家受惠良多,东盟国家(本文仅指泰国、马来西亚、菲律宾和印尼,下同)成为它们投资的重点。1989年“四小”在泰、马、菲、印尼四个东盟国家投资所占比 Since the sharp appreciation of the Japanese yen in September 1985, especially since the 1990s, Japan and Asia have accelerated their industrial restructuring and their foreign direct investment has rapidly expanded. In particular, the “four small” in Asia have risen as the region’s successor to the region Japan is another important financial provider, benefiting developing countries in the region. ASEAN countries (referring only to Thailand, Malaysia, the Philippines and Indonesia in this article, the same applies below) have become their investment priorities. 1989 “four small” in Thailand, Malaysia, Philippines, Indonesia, four ASEAN countries accounted for the proportion of investment