Japanese investors have promised to invest more in Thailand, especially in the auto industry, after domestic demand exceeded export demand. They have also expressed confidence in Thailand’s flood prevention measures this year.
After meeting with representatives of the Japanese Chamber of Commerce on Thursday at Government House, Deputy Prime Minister and Minister of Finance Kittiratt Na-Ranong said Japanese investors had asked for advice from the Japan External Trade Organization (JETRO) about making investment in Thailand and relocating their production bases to the country.
The investors were particularly interested in the Thai car industry due to a demand of 1.2 million units within the country out of the total production capacity of 2.2 million units. The domestic demand is higher than the demand from export markets.
The deputy premier stated further that Japanese investors were still confident in Thailand despite the flood crisis last year. The investors said Thailand had concrete short- and long-term plans in tackling flooding. The plans have ensured them that the flood crisis will not take place again this year.