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TIME: Almanac 1993
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TIME Almanac 1993.iso
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121090
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1210558.000
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1992-08-28
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GRAPEVINE, Page 23Who Owns U.S.?
By DAVID ELLIS/Reported by David E. Thigpen
Last week's $6.1 billion purchase of MCA by Matsushita
Electric was the largest Japanese acquisition of a U.S. firm
so far. But Japan still lags far behind Britain as the biggest
foreign investor in the U.S. economy. As of June, the value of
foreign-owned businesses and real estate in the U.S. totaled
just $411.3 billion; congressional researchers estimate that
non-Americans own about 5% of all U.S. assets.