TIMELINE of JAPANESE INVESTMENT in AUSTRALIA Decade PRE 1950 1950 - 59 1960 - 69 1970 - 79 1980 - 89 1990 - 99 2000 - 09 2010 - PRESENT
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TIMELINE OF JAPANESE INVESTMENT IN AUSTRALIA Decade PRE 1950 1950 - 59 1960 - 69 1970 - 79 1980 - 89 1990 - 99 2000 - 09 2010 - PRESENT Milestone 1957 Agreement on Commerce between 1976 Relationships broadened through 2007 Joint Declaration on Security Cooperation 2014 Japan-Australia Economic Partnership Agreement signed Japan and Australia signed the Basic Treaty of Friendship & signed – a highlight of the more rounded and Cooperation and Protocol (Nara Treaty) diverse partnership between Australia and Japan Investment Drivers Sourcing raw materials for export including Import of essential raw materials for Growth and development of Electronics and electrical equipment Rapid growth in FDI out of Japan driven by the liberalisation of Downturn in global financial markets drove Further diversification into Australia, particularly into Large scale re-entry of Japanese financial services companies reflected wool, tallow, grains and some coal. Japan’s re-industrialisation and rebuilding, Japanese manufacturing and further companies started investing in 1969 Japanese financial markets, strong economic growth and rapid some Japanese investors to divest, particularly agribusiness, wood fibre, and food and beverage buoyancy of the Australian market and strong growth rates in key dynamics. particularly wool and textiles. industrialisation drove investments in and through the 1970s and 1980s, appreciation of the yen. Deregulation of the Australian financial in hotels, however the assets remain. High for export. Driven primarily by desire for food and Minority investment in LNG projects and long-term purchasing Establishment of distribution networks Australia’s resources industries (iron seeking to distribute product markets drove Japanese banks and other financial institutions to demand for Australian food and beverage led energy security. New millennium saw Japanese contracts reflected continued high demand for Australian LNG. for Japanese goods. ore and coal) backed by long-term to the Australian market. establish or expand their presence in Australia. Expansion of the to Japanese investment which in turn contributed investors move towards controlling interests, mergers purchase contracts. Japanese inbound tourism market drove investments in tourism to an increase in quality and expansion of and acquisition as a preferred investment model. infrastructure including development of well-known luxury hotels. manufacturing capacity in the industry. Japanese Investors (Decade established in Australia) Kanematsu Mitsui & Co Toyota Motor Company Rinnai Nomura Shimizu Mitsui Matsushima Kansai Electric Power Dentsu Aegis Daikyo Former Mitsui & Co. Mitsubishi Corporation Marubeni Isuzu Mitsubishi Motors Inpex Snow Brand Sekisui House Kagome Kaiteki Australia Bank of Yokohama C. Itoh Sumitomo Fujitsu Australia Suzuki Australia Orix Australia TAL Services Limited Asahi Holdings Toho Zinc JERA Century Yuasa Batteries Nissho Iwai Tokio Marine and Fire Insurance Yanchep Sun City Honda Canon Yakult Suntory Group Kyushu Electric Recruit Holdings Hitachi Construction (part of Marubeni) Nissan Mazda Mitsubishi Electric Fuji Xerox Kyocera Nintendo Australia BHP Billiton Mitsubishi Alliance (BMA) Dai-ichi Life now TAL TonenGeneral Bridgestone Tyres Dainippon NEC Sony Kumagai Panasonic Australia Nippon Paper Fujifilm Eurus Energy Japan Post Bank of Tokyo Daikin JUSCO Hitachi Kajima Corporation Hakubaku TEPCO Australia Nippon Life Insurance Rakuten Securities Komatsu Kawasaki Motors Itoham Kirin Tokyo Gas Australia Muji Sony Life Insurance Yokohama Tyres Uniqlo Sumitomo Tyres Nippon Steel Daisho Idemitsu Australia Resources Kubota Tractors NH Foods Significant Investments Kanematsu started exporting Between 1956 and 1961 1963 1970 – 72 1980 1990 2000 2012 2014 wool and tallow to Japan All major trading houses established Moura/Dawson (coal), Robe River (formerly Cliffs WA Mining) Worsley Alumina, WA (Japan Alumina Associates Yandi Iron ore Mine, WA (BHP, ITOCHU, WA Plantation Resources (Marubeni) Ichthys LNG Project (Inpex) NT and WA, Clermont coal mine investment QLD operations in Australia WA (Mitsui & Co, Thiess Peabody, BHP) (JAA) – (Sojitz and ITOCHU, South32) Mitsui & Co) Roy Hill Iron Ore Mine, WA (Marubeni) (Glencore, Sumitomo, Mitsubishi 1925 (iron ore), WA (Mitsui & Co, NSSMC 2003 Development, J-Power Australia) Former Mitsui & Co. shipped a record 40,000 1965 Cleveland Cliffs, Mt Enid Iron) 1985 1993 Darwin LNG Project, NT (JERA, Tokyo Gas) 2012 Wheatstone LNG Project, WA tonnes of wheat to Japan (Chevron, KUFPEC, Woodside, Kyushu Port Bonython Fuels, SA (JV Coogee Shark Bay (salt), WA North West Shelf (Mitsui & Co. and Mitsubishi (MIMI), Dairy product manufacturing factory 1974 Hail Creek Coal Mine, QLD (Sumitomo, Marubeni) Electric, PE Wheatstone: Mitsubishi, Chemicals and Mitsubishi) (Mitsui & Co, Agnew Clough) Ranger Valley Cattle Station, Woodside, BHP, Chevron, Shell Development) established, VIC (Yakult) 1933 2005 Nippon Yusen, JOGMEC, JERA) QLD (Marubeni) 2015 Foundation of the Kanematsu Memorial 1967 1987 1994 Rolleston Coal Mine, QLD (Glencore, ITOCHU, Sumitomo) 2013 Tasmania Feedlot Kipper Gas condensate 35% acquisition Institute of Pathology at the Sydney Hospital Dampier Salt, WA Portland Aluminium Smelter, VIC (Marubeni Minerva Coal Mine, QLD (Sojitz) 2013 New Generation Rollingstock, (JUSCO now AEON Group) 2008 from Santos, VIC (Mitsui & Co) (Sojitz and Marubeni, Rio Tinto) investment and offtake agreement, Acoa, CITIC) QLD (ITOCHU) 1996 Schweppes Australia Beverages acquisition (Asahi) Mountain Goat Craft Brewery 1977 Banking licences granted and securities and NCA Coal Project, QLD 2013 acquisition, VIC (Asahi) Mt Newman (iron ore), 2009 Cape Flattery Silica Mines, QLD insurance firms increased their operations (Glencore, ITOCHU, Sumitomo) WA (Mitsui & Co, ITOCHU, AMAX, BHP, CSR) Jimblebar Iron Ore Mine expansion, 2015 (Mitsubishi) Kangaroo Island Pure Grain, SA (Kanematsu) Luxury hotel developments 1996 WA (BHP , Mitsui & Co., ITOCHU) Frucor Australia & New Zealand acquired (Suntory Group) Acquisition of Toll Group by Japan Post Organic noodles manufacturing facility built in Canberra Light Transit Rail (Mitsubishi) 1988 Kwinana Power Station, WA (Sumitomo) 2014 Ballarat, VIC (Hakubaku) Lone Pine Koala Sanctuary, QLD (Kamori Kanko) 2009 Agrex Australia, VIC (Mitsubishi, 2016 1997 Olam -formerly Queensland Cotton) 2009 Victorian Desalination Plant, VIC (ITOCHU) MLC Life strategic partnership formed Oaky Creek Coal Mine, QLD Carter Holt Harvey Pulp and Paper (Nippon Life Insurance, NAB) 2009 (Glencore, ITOCHU, Sumitomo) investment, QLD (Oji Holdings, Hitech Asia Pacific acquisition Gorgon LNG Project, WA (Chevron, Shell, ExxonMobil, now Oji Fibre Solutions) (Yusen Logistics) Osaka Gas, Tokyo Gas, JERA) Emerald Grain acquisition, WA (Sumitomo) Resources Infrastructure Agribusiness Financial Tourism Legend & Energy & Logistics & Food Services Infrastructure 22 Japanese Investment in Australia.