Updated: Mon, 16 Dec 2013 04:41:14 GMT | By The Malaysian Insider : Malaysia

Najib’;s Tokyo visit to further enhance Malaysia-Japan economic ties - Bernama

The newly concluded working visit by Prime Minister Datuk Seri Najib Tun Razak to Japan has not only enhanced the already strong bilateral ties with that country but has also provided the opportunity for Malaysia to explain the type of investments it wants. The prime minister's message during discussions with his Japanese counterpart Shinzo...


Malaysia Insider

The newly concluded working visit by Prime Minister Datuk Seri Najib Tun Razak to Japan has not only enhanced the already strong bilateral ties with that country but has also provided the opportunity for Malaysia to explain the type of investments it wants.

The prime minister's message during discussions with his Japanese counterpart Shinzo Abe as well with the business community and captains of industry was that Malaysia wanted future investments by Japanese companies to be higher up the value chain and focused on areas of high technology.

Malaysia does not want the labour intensive investments of the past as the country is today considered an upper-middle income country and is seeking to achieve developed nation status by 2020, Najib said.

High technology investments will benefit Japanese investors as well, as Japan is one of the top countries in the world in this rapidly changing field.

The move by the Malaysian government to liberalise the services sector is also expected to attract keen interest from Japanese investors.

Najib during his visit assured the Japanese community that Malaysia would continue to implement investor-friendly policies and provide a conducive investment climate.

Najib also outlined possible investment areas in the growing halal industry, the Greater Kuala Lumpur development and the economic corridors of the northern region and in Sabah.

Japan has been Malaysia's largest foreign direct investor since the 1980s.

Last year, approved investments in the manufacturing sector alone totalled $1 billion (RM3.2 million). - Bernama, December 16, 2013.

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