{"id":20446,"date":"2014-07-30T22:26:21","date_gmt":"2014-07-30T14:26:21","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=20446"},"modified":"2014-07-30T23:10:30","modified_gmt":"2014-07-30T15:10:30","slug":"ph-expects-more-foreign-direct-investments-from-japan","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/07\/30\/ph-expects-more-foreign-direct-investments-from-japan\/","title":{"rendered":"PH expects more foreign direct investments from Japan"},"content":{"rendered":"
\"TOKYO,<\/a>
TOKYO, Japan \u2013 President Benigno S. Aquino III exchanges pleasantries with Japanese Prime Minister Shinzo Abe during the Summit Meeting & Working Lunch at the Prime Minister\u2019s Official Residence in 2-3-1 Nagata-cho, Chiyoda-ku, Tokyo on Tuesday (June 24, 2014). The meeting is an opportunity for the two leaders to exchange views on recent regional developments and to discuss areas of cooperation to enhance the Philippines-Japan Strategic Partnership. (PLDT powered by SMART) (Photo by Gil Nartea\/ Malaca\u00f1ang Photo Bureau\/PNA)<\/figcaption><\/figure>\n

MANILA — Amid escalating tensions with China, the country is expecting more foreign direct investments from Japan, according to an analytics firm. IHS Asia-Pacific chief economist Rajiv Biswas said that the rise of Japanese investment in the country may be attributed to Japan’s political conflict with China. Bisawas said that what would drive competitiveness in the Philippines is the \u201cundergoing economic renaissance under President Beningo Aquino to boost FDI inflows over the medium term, including the introduction of new rules to allow 100 percent foreign ownership of its local banking sector.”<\/span> “Japanese multinationals will continue to use Asean as an important risk mitigator for their regional manufacturing supply chains, notably to reduce vulnerability of their supply chains to China,\u201d Biswas further said.<\/span> He explained that this shift was an effect of the 212 riots in China which forced Japanese investors to look for\u00a0other potential investment locations. \u201cAsean has many \u2018pull factors\u2019 that are attractive to Japanese multinationals, such as the region\u2019s combined GDP reaching $2.4 trillion in 2014, with a total population 635 million people and a rapidly growing middle class, representing one of the fastest-growing market opportunities over the next two decades,\u201d\u00a0 Biswas said.\u00a0<\/span> Biswas also added that the increase may also be due to the increasing manufacturing wage cost in China. \u201cThe Asean region offers considerable opportunities for Japanese firms, not only as hubs for manufacturing production, but also because of the large population and fast-growing consumer middle class in some of Asean\u2019s largest economies, including Indonesia, Philippines, and Vietnam,\u201d Biswas said.<\/span> \u00a0\u201c[Prime Minister] Abe\u2019s Asean pivot is already well under way, and this will generate substantial new FDIs from Japan to Asean over the medium to long term,\u201d he added.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — Amid escalating tensions with China, the country is expecting more foreign direct investments from Japan, according to an …<\/p>\n","protected":false},"author":44,"featured_media":17445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19],"tags":[7009,667,1479],"class_list":["post-20446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","tag-foreign-direct-investments","tag-japan","tag-ph","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/20446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=20446"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/20446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/17445"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=20446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=20446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=20446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}