Japanese investors express strong interest to expand in Philippines

Japanese investors have expressed strong interest in bringing their businesses or expanding their operations in the Philippines, the Office of the President said. This is after businessmen from Japan saw the current business environment in the Philippines.

President Aquino, who is in Japan for a 4-day visit, had several business meetings with leading Japanese companies immediately after his arrival Tuesday, June 2. He met executives from Kirin, Marubeni and Fast Retailing Co. Ltd. (Uniqlo).

Kirin Holdings Co. Ltd, with brewery and beverages holdings, is highly satisfied with the investment and business climate in the Philippines and interested in expanding its investments, Secretary Coloma said.

Coloma added Marubeni is upbeat about its current Philippine investments in power, energy development, water utility, and mass transportation (MRT 7 and LRT 2 extension). The Japanese company has also shown great interest in exploring new fields of business development in the Philippines, such as in commercial vehicles.

Today, Aquino is scheduled to be at the Imperial Palace for the official welcome ceremony to be led by the Japanese Imperial Family.

Also today, President Aquino will speak at the special session of Nikkei’s 21st International Conference on the Future of Asia and address the National Diet of Japan. He will also meet Bank of Japan Governor Haruhiko Kuroda, officials of the Japan-Philippines Parliamentarians Friendship League, and head of the Democratic Party of Japan Katsuya Okada.

Later tonight, he will be back at the Imperial Palace to attend the state banquet hosted by Emperor Akihito and Empress Michiko.

Tomorrow, he is scheduled to meet Japanese Prime Minister Shinzo Abe for a summit. He will also meet members of Japan Chamber of Commerce and Industry, the ASEAN Japan Center, and the Philippine Society of Japan at the Hotel New Otani.