§ Mr. Marlowasked the Chancellor of the Exchequer what have been the capital outflows and inflows between the United Kingdom and Japan for each of the last 10 years; and if he will also set out the proportions one to the other.
§ Mr. Peter Rees[pursuant to his reply, 16 July 1984, c. 40]: I regret that full information on capital movements between the United Kingdom and individual countries overseas, in this case Japan, is not available from United Kingdom sources. Our only available information relating to Japan is on flows of direct investment between parent companies—other than oil companies—in one country and their affiliates in the other.
The figures, as published in "Business Monitor MA4", are as follows:
Direct investment flows, excluding oil companies' investment (Minus signs denote net disinvestment) Net investment by United Kingdom in Japan £ million Net investment in United Kingdom by Japan £ million 1973 7.8 17.7 1974 17.1 -22.0 1975 3.1 -40.6 1976 0.7 -15.7 1977 17.0 -98.9 1978 32.0 -23.9 1979 38.9 50.9 1980 14.7 14.0 1981 17.2 173.3 1982 13.7 -62.7