Japanese Investment Into Malaysia To Face Short-term Impact
KUALA LUMPUR, March 23 (Bernama) -- Japanese investments into Malaysia is expected to face a short-term impact following the recent natural disaster in Japan, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.
Saying that the impact was normal from Japanese investors after a disaster of such magnitude, he said investments would pick up after the situation improved back home.
"They (Japanese) are very resilient people, whatever the impact may be, it will be in the short-term," he told reporters after signing a condolence book in honour of earthquake and tsunami victims during a visit to the Japanese embassy here Wednesday.
As for the automotive sector, he said there would be a minor disruption in the supply chain as some components were sourced from Japan.
However, Mustapa said companies were currently trying to source components from other countries to minimise the disruption except for higher-quality items which would continue to be sourced from Japan.
Last year, Malaysia's bilateral trade with Japan, the country biggest investor,in the manufacturing sector, amounted to RM130 billion.
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