MUFG Managing Executive Officer and Chief Executive Officer for Asia & Oceania Takayoshi FutaeWhile concerns of an American pull-out persist, Japanese companies have expressed interest in entering the Philippine market, according to Mitsubishi UFJ Financial Group (MUFG). The Philippine’s robust business process outsourcing (BPO) sector and overseas remittances, as well as strong economic growth and heightened consumer spending have stirred the interest of Japanese firms to invest in the Philippines, the Japanese financial group said.

 

MUFG Managing Executive Officer and Chief Executive Officer for Asia & Oceania Takayoshi Futae said the Philippines is one of the fastest growing economies in the ASEAN countries and still projected to grow t 6-7% going forward.  With the country’s attractive economy, Futae said that a number of Japanese companies “are very serious to expand operations here in the Philippines.”