Welcome, visitor! [ Register | Login rss Google+ facebook twitter LinkedIn Pinterest FeedBurner

Japanese firms increasingly shifting investments from China to ASEAN

| Economy & Market News | 08/07/2014


ASEAN Member Countries

Investment in China shifting to ASEAN
Date: Aug 7, 2014
Source: NHK World

Analysts at a Japanese trade organization say companies in the nation are increasingly shifting their Asian investment focus from China to ASEAN countries.

The Japan External Trade Organization, or JETRO, says foreign direct investment launched by Japanese businesses last year set a new record at 135 billion dollars. That’s up 10.4 percent from the previous year.

The increase came from a string of large-scale corporate buyouts and automakers expanding factory construction.

By country, the United States received the biggest amount of investment from Japan at 43.7 billion dollars.

Investment in China fell 32.5 percent to 9.1 billion dollars. In ASEAN nations, investment swelled 2.2 times marking a record at 23.6 billion dollars.

JETRO says Southeast Asia is gaining attention for its low labor cost and promising consumption market. It says more Japanese firms are shifting their investment to the region from China, where labor costs have risen.

   

194 total views, 1 today

  

Sponsored Links

Leave a Reply

Japan Tech News

Kuala Lumpur, Malaysia
Malaysian payments startup Soft Space gears up for Japan launch with $5m investment
Kuala Lumpur. Photo credit: Sean Pavone / 123RF. Malaysian payments startup […]
Fri, May 26, 2017
Tech in Asia: Japan

SEED Solutions – Components for Next-Generation Robot Development
SEED Solutions – Components for Next-Generation Robot Development
THK exhibited its “SEED Solutions” components for next-generation robots at […]
Wed, Nov 30, 2016
DigInfo TV