Japanese investors looking again to Thailand: Japanese Chamber
The business sentiment of Japanese investors in Thailand for the next six months has increased following the establishment of the government, Deputy Prime Minister Somkid Jatusripitak said today. He was citing the business sentiment survey of the Japanese Chamber of Commerce in Bangkok.
Somkid met with the chamber president, Shinji Nakano, today (August 5) at Government House.
He said that the chamber survey found that the sentiment of Japanese businesses in Thailand for the first six months had dropped, due to their concerns over the US-China trade war, the stronger baht value, and the slow establishment of the new Thai government.
The sentiment picked up after the complete installation of the new government, he said.
Somkid also assured the chamber that the new government would continue the policies and agreements made between Japan and the previous Thai government.
The chamber also asked Somkid to consider carefully the plan to raise the daily minimum wage. Somkid replied that the issue would be carefully discussed by representatives of the government, private sector and labour sector.
Korbsak Pootrakool, the deputy secretary general to the Prime Minister on political affairs, said that Somkid also told the chamber that new economic stimulus packages would soon be launched to boost the domestic consumption.
The chamber told Somkid that several Japanese companies were considering relocating their production bases to Thailand due to concerns over impacts of escalating trade wars.
The chamber also invited Somkid to stage a roadshow in Japan to promote investment opportunities in Thailand. The roadshow is expected to take place in October.
Korbsak added that Somkid also ordered the Thai Board of Investment to set up a team to woo those investors worried about the trade war, to relocate their business or set up headquarters in Thailand.
