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I think you will find it went the other way around. Japan even had foreign currency quota and ownership limits just like China does today.

Frontline: Coming From Japan [The Fall Of The US Television Industry] (1992) https://www.youtube.com/watch?v=aesJTsZqm6c and sadly now paywalled article https://www.washingtonpost.com/archive/opinions/1990/09/30/j...

"September 30, 1990. HOW DID Japan destroy the American television industry? The secret history of that strategy reveals how Japanese manufacturers and the Japanese government first created an anti-competitive cartel ..."

also https://www.jstor.org/stable/43294946



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