There are more large Japanese companies intend to continue investing in Malaysia and also participate in major government projects, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He further added that Japanese companies were keen to increase their investments in Malaysia, particularly, in technology-driven and manufacturing industries.
"In fact, the
small and medium-sized Japanese companies are entering into joint ventures with
Malaysian companies in areas like the manufacture of automotive component
parts", he said on the sidelines of "The Look East Policy - A New Dimension & MAJECA-JAMECA 31st Conference".
He said Japanese companies were also keen to take part in specific
areas of infrastructure development, such as high speed railway project. Other than Japanese companies, there are still many other countries seeking to cooperate
with Malaysia on this project. "But the tender is still open and we are looking for potential partners with the technology and financial capabilities for this project", he added.
Nevertheless, he said Japan had an advantage as the country was the first in the world
to introduce the bullet train technology.
Meanwhile, on trade between both countries; Mustapa was confident that
the trade surplus with Japan which has been in Malaysia's favour since 1997 would
continue. He also said that despite the current economic headwinds globally,
Malaysia was actually still enjoying a trade surplus with other countries of
late. "Malaysia is registering at least a RM6 billion surplus per
month for the past few months from our total trade globally", Mustapa added.
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