This paper examines whether increased presence of foreign capital has led to the spread of economic nationalism in Japan and whether such nationalism has affected economic policymaking. The study finds the general public has not embraced nationalistic assertions, while some policymakers had attempted to use nationalism to realize their favored policies.
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Errata: In the September/October 2016 issue (volume 56 number 5, pages 836 and 849), there was a technical printing error in Figures 1b and 2 of the article by Ajay Raina that resulted in a loss of data on the graphs. This online article contains the restored figures in their original, correct state. The error is regretted.