Japan: The Philippines’ new best friend?

[terranMarine]

Do you know that Japan is the largest trading partner of the Philippines?

#1 export market is Japan, #2 export market is the United States.

Bilateral trade between Japan and the Philippines is already at $20 Billion per annum, and growing.

Philippines is just only one country, it's not a loss for China. I hope Japan isn't gonna depend on the Pinoys boosting Japan's fragile economy

 

[Zero_wing]

Despite the reduction in Chinese-Filipino economic interplay, the Philippine Economy continues to surge at 7% growth. The reason for this is that the Philippines has a growing manufacturing industry, spurred by over 1,500 Japanese business that have called the Philippines "home". Secondarily, the Philippines has a growing IT industry and is a global BPO hub.

When Chinese posters try to belittle the Philippines by making fun of them about their banana business, i cannot help but get annoyed because the Philippine Economy is not that dependent on agricultural exports, the country has a growing shipbuilding/repair, automotive, electronics, mining and offshoring/outsourcing component, which is what makes up the majority of the Philippine Economy.

Right on the chinese imperialist maoist nazi are just stupid with thier so called patriotic education brainwashing idiocies they have no idea what is and what is what in the world 50cent morons really but going back its good Japan is moving in the right by going to countries like the Philippines Japan should trade more with SEA countries than china their Economic fluke.

 

[Zero_wing]

Philippines is just only one country, it's not a loss for China. I hope Japan isn't gonna depend on the Pinoys boosting Japan's fragile economy

Thats our line fine just pull out again your not important either so please get the hell out and its Filipino 50cent $ucm learn to use the correct terms

 

[Aepsilons]

Right on the chinese imperialist maoist nazi are just stupid with thier so called patriotic education brainwashing idiocies they have no idea what is and what is what in the world 50cent morons really but going back its good Japan is moving in the right by going to countries like the Philippines Japan should trade more with SEA countries than china their Economic fluke.

I do believe many of them know that the Philippines has a diversified economy, but they like to mention the 'banana' industry as means to tease you guys. It does not matter because the rest of the world knows the truth, and most importantly, majority of the world knows full well of the hard work of Filipino people.

 

[Aepsilons]

Japanese firms upbeat on PH, survey shows


More Japanese manufacturers are interested to do business or expand existing operations in the Philippines in the medium term, a survey of the Japan Bank of International Cooperation (JBIC) showed.

JBIC’s “Fiscal Year (FY) 2014 Survey Report on Overseas Business Operations by Japanese Manufacturing Companies,” results of which were released last week, showed that the Philippines was the 11th most promising country for overseas business among Japan firms in the next three years or so, with 50 or 10 percent of total respondents saying so.

While the Philippines retained its 2013 ranking, the number of firms that found the country promising rose from 39 or 8 percent of respondents last year.

The Philippines was behind India, Indonesia, China, Thailand, Vietnam, Mexico, Brazil, United States, Russia and Burma (Myanmar), but ahead of Malaysia, Turkey, Singapore, Cambodia, South Korea, Taiwan, Germany, France, Saudi Arabia and South Africa.

Twenty firms said they had plans to establish operations in the Philippines over the medium term, an increase from 15 companies in 2013 and eight in 2012.

The Philippines is one of the top 10 countries where Japanese companies have real business plans, joining China, Thailand, Indonesia, India, Vietnam, Mexico, USA, Brazil and Russia.

In particular, nine companies producing and selling electrical equipment and electronics said mid-term prospects for the Philippines were rosy.

Among existing Japanese investors in the country, 52.1 percent said they would strengthen their businesses here over the medium-term, up from 50.6 percent last year. The remaining 47.3 percent of respondents with existing projects in the Philippines said they would maintain the present level of their investments, while only 0.7 percent plan to either scale down or withdraw their investments.

“The Philippines … has maintained an upward trend since FY2009 (22.3 percent)” in terms of Japanese firms eyeing expansion activities, JBIC noted.

Among Philippine locators engaged in manufacturing, 29 percent said they would bolster existing plants, 7 percent said they would establish new plants, while 1 percent would outsource to others.

For those in sales, 31 percent said they would tap more agencies to strengthen sales, 10 percent would bolster existing bases, and 6 percent would start new sales bases.

Also, Japanese automobile companies were most satisfied with their profits in the Philippines this year. The local auto industry has been breaking sales records month after month en route to hitting or breaching its 250,000-unit target.

Among infrastructure firms, the Philippines was seen as promising by those in the sectors of sewage systems, roads and bridges, water supply, smart grids, as well as smart communities and “eco-towns.”

Amid tensions over disputed territories in the South China Sea or what Manila calls West Philippine Sea, 50 percent of respondents said they expected political and diplomatic relations with Beijing as well as the rest of Asean affecting their operations here.

Also, 68.8 percent said they were closely monitoring developments in relation to the Asean economic integration with respect to their businesses in the Philippines.

Among Japanese mid-tier or small and medium enterprises, the Philippines was the 9th most promising country over the medium-term, in a tie with Malaysia. However, the Philippines did not figure in the top 10 countries that Japanese companies see as promising over the long-term.

The survey was conducted between July and September among 617 Japanese firms with production or sales operations overseas.



Japanese firms upbeat on PH, survey shows | Inquirer Business

 

[Aepsilons]

 

[Steve781]

The Phillipines prior to Marcos was actually richer than any other Asian country except Japan.

 

[Aepsilons]

Philippines and Japan will best friends! and defense pact coming soon..

Yes of course! This century will see the convergence of both Japanese and Filipino interests.

 

[Zero_wing]

PH has lost Chinese market for fruits,tourism,ect.Maritime Silk Road plan which invest 40 billion dollars will left PH behind.
Aquno still keen to beg some second-hand weapons from Japan,especially when Abe faces the failure of his Abenomics.
Does withstanding a rising China bring any benefits to PH?Does Japan bring any long-range good pay for PH?

Well your not important fools we have other markets you people tried this stick before and it epicly fail in fact we have more investments in china billions compare to 500m chinese investments so please leave and FYI Japan is one of our largest investors next to korea and the US if they leave it would be a problem but if you guys leave only few will be sad about but you people have done more harm than good for one your tourist are uncvilized and rude too two your kind are known smugglers and rule breakers and tax evaders so please leave the door is big and dont let the door hit you on your way out.

Despite the reduction in Chinese-Filipino economic interplay, the Philippine Economy continues to surge at 7% growth. The reason for this is that the Philippines has a growing manufacturing industry, spurred by over 1,500 Japanese business that have called the Philippines "home". Secondarily, the Philippines has a growing IT industry and is a global BPO hub.

When Chinese posters try to belittle the Philippines by making fun of them about their banana business, i cannot help but get annoyed because the Philippine Economy is not that dependent on agricultural exports, the country has a growing shipbuilding/repair, automotive, electronics, mining and offshoring/outsourcing component, which is what makes up the majority of the Philippine Economy.

For one thing may i add our rice sector is down besides from the dry spell well every crop in the agricultre sector is down and more of importors now then exporters well again this people have their stupid patriortic educations to fall through so they lack the common GMRC so screw them anyhow yes the economy is picking up but as long as problems like lack of electricity, employment security and security problems in the southern regions and the maoist NPA areas growth will only be in limited areas of the Philippines.