Despite financial crisis, Jap investors still upbeat on investing in Thailand

The global economic crisis that severely affected Japan has not dampen the spirit of Japanese investors to invest in other countries outside their homeland particularly Thailand.

Munenori Yamada, the president of Japan External Trade Organisation in Bangkok, Thailand revealed despite the financial crunch that affected their country Japanese investors will continue to seek business overseas like in Thailand.

“The Japanese government does not intend to call investors back home,” Yamada said.
“Japanese live in and are committed to Asia and the world economy,” Yamada added.

Yamada said Japanese investors would not stop from investing abroad since its economy is shrinking due to the increasing proportion of its population aged 65 or older.
The Japanese trade official explained the younger generations are consuming less while domestic production can serve the domestic market, which is why Japanese companies will pursue overseas investment to ensure business growth, he said.

He said the changing population structure has led to a drop in imports in Japan, formerly the world’s largest exporter and importer, while exports from Japan have also dropped dramatically in the past 10 years due to overseas expansion and the shrinkage of the domestic economy.
“As such, while others are downsizing investment, the Japanese are ready to invest as soon as the economy begins recovering”, he said.

Furthermore, Yamada said the political turmoil in Thailand has also no effect on Japanese investors since they believe the country has what it takes to bring in success to Japanese businessmen.

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