More Japan investors keen on Malaysia

JITRA:Deputy International Trade and Industry Minister Datuk Mukhriz
Mahathir said more investors from Japan were keen to explore business
opportunities, particularly the new sectors in Malaysia.

He said
that besides automotive, the Japanese also showed interest to explore
other sectors namely the halal, green technology and services
industries.

This was discussed during a three-day trade and
investment seminar hosted by Bank Of Tokyo Mitsubishi UFJ (BTMU) in
three Japanese cities -- Tokyo, Osaka and Nagoya -- early this week, he
said.

Mukhriz said the Japanese saw Malaysia as having 40 years
experience in the automotive field, quite strong in ICT and most
importantly it was politically stable and shielded from big disasters.





"That's why they are confident to invest in Malaysia.

"They are
also drawn to the incentives we provide such as the 100 percent tax
exemption for five to 10 years," he told reporters at the 1Malaysia
cycling programme organised by Jerlun MCA near here today.

Mukhriz said those participated in the seminar in Japan might visit Malaysia to make thorough assessments and make decisions.

He
said the Japanese had found out that its just-in-time production
strategy was no longer suitable for practice because of natural
disasters.

"Now, they use a new approach which is 'just in case'
which means what to do to ensure no supply disruption when disaster
strikes.

"In this regard, they have to prepare not one but many
production lines not only at home but other countries as well so that
supply continues as usual when something untoward happens," he said. -
Bernama