Japan PM Abe “we will come to PH as alternative to China”

“More direct investments from Japan will come to Philippines” as Japanese seek for alternative locations in substitute for China, this was according to Japan HIS analytic company.

The HIS Asia Chief economist Rajiv Biswas said that “there was a huge increase with the Japanese investments to the ASEAN (Association of Southeast Asian Nation) due to some reason, the amid political tensions with Japan and China and also the rising wage cost in manufacturing again in China”

With those issues, Japanese firms consider ASEAN regions for new opportunities, not only in hubs but even creating a manufacturing production in an outbound manner. Since China’s population have boomed so much and everything in a sudden increase added with amid tension between both countries.  They are looking towards neighboring countries like Philippines, Indonesia and Vietnam.

Japan PM pivot was already set and on its way, and this will generate new FDIs from the Japanese Government to the ASEAN over a medium to a long term partnership. Japans FDI in the ASEAN hit USD22.9 billion in the year 2013 doubled the last USD9.3 billion investment into China.

The “Economic Renaissance” of the Philippines under the Administration of Aquino uplifts the countries FDI inflows from Japan and its new rules set to foreign ownership will also boost country’s competitiveness.