Deputy PM is happy with Japanese businesses’ confidence in Thailand

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BANGKOK, July 13 (TNA) -- Deputy Prime Minister Somkid Jatusripitak is satisfied that Japanese business people’s confidence has peaked in years while Japan External Trade Organization (JETRO) assures that a trade conflict does not affect Japan’s investment in Thailand.

After meeting JETRO president Hiroki Mitsumata at the Government House, Mr Somkid said JETRO reported its survey on Japanese investors in Thailand this year and found that their confidence was the highest in years.

The confidence index for the second half of last year rose from 14 to 34 and the index for the first half of this year went up from 34 to 36. The outlook index for the Thai economy in the second half of this year increased from 36 to 40.

The improved indices showed confidence in Thailand among Japanese investors and operators, Mr Somkid said, adding JETRO reported that the trade spat between China and the United States would have no impacts on Japanese investors’ confidence in Thailand.

Mr Somkid also said that investors were working in more than 60% of areas under the Eastern Economic Corridor project partly due to roadshows in other countries. He will lead a delegation of government and private representatives to Japan on July 17-21 to attend the meeting of the High Level Joint Commission (HLJC) in Nagoya to invite more Japanese investors to Thailand.

Mr Somkid planned to promote bilateral economic partnership. He said the JETRO president did not inquire about an election in Thailand. He said the JETRO president well understood situations in Thailand. (TNA)