Japan will shift investments to Southeast Asia, predicts Somkid
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Thailand should be ready to cater to a new wave of foreign investment, especially from Japan, which is planning to cut down its investments in China and devote more of its funds in some Southeast Asian countries, including Thailand, Deputy Prime Minister Somkid Jatusripitak said.
He added that Japan is also adjusting its supply chin to depend less on China, especially since the Covid-19 outbreak has disrupted manufacturing in many industries in the mainland.
Somkid also said that Thailand will continue pushing for infrastructure in the Easter Economic Corridor, including the maintenance, repair and overhaul facility in Rayong’s U-tapao Airport.
