High-ranking Japanese execs explore business opportunities in PH

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MANILA, Philippines – One hundred top-ranking business executives have arrived from Japan to look into possible investment opportunities, as well as to advance bilateral ties between Japan and the Philippines. The business delegation arrived on February 4, and will stay in the country until February 7.

“In receiving Japan Chamber of Commerce and Industry’s (JCCI) largest business delegation to the Philippines, we expect to further strengthen and expand our bilateral economic relations by increasing trade and encouraging more investments from existing and potential Japanese investors in our country,” Trade Undersecretary Ponciano Manalo, Jr. said in a statement.

The JCCI is the most extensive network of business organizations in Japan, and it is also exerts a great deal of influence within the Japanese economic groups.

Under the leadership of Akio Mimura, chairman of the JCCI and current advisor and honorary chairman of Nippon Steel and Sumitomo Metal Corp., the mission to the Philippine is made up executives from the construction, metal manufacturing, telecommunications, trading, banking, automotive and auto parts, travel, food, air transport, and electric power sectors.