Despite the difficulties faced by Japanese in doing business in Philippines, it was officially announced that around 80 Japanese enterprises will be coming in the country.
The large Japanese enterprises were expected to scout investment opening in banking, infrastructure, manufacturing and energy.
The President in Chamber of Commerce Philippine Incorporated Tetsuo Tomino said that “Two big businesses were organized by the Japanese business federation (Keidanren) and Kansai Economic Federation (Kankeiren). Each business comprises around thirty to forty company officials to the Philippines.
“These two Japanese enterprises have factories and buildings in China, but with Chinese increasing labor cost and the not so good relationship between both countries Japan and China, these two companies were looking a new place to build its manufacturing facilities over the Asian Area”.
Philippine has strong points to consider for the Japanese companies in setting their manufacturing facilities. Philippines were not so populated and have a reasonable number of good workers who were fluent in speaking English. And besides Philippine is close to Japan.
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