FTI: Japan quake to impact on investment

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BANGKOK, 14 March 2011 (NNT) – The Federation of Thai Industries (FTI) has expected that the expansion of Japanese projects in Thailand would slow down by about two to three months after the quake and tsunami attack.

FTI Board of Directors Chief Advisor Santi Vilassakdanont stated that the deadly disaster has negatively affected the Japanese economy to the extent that Japanese investors might have to delay their investment in Thailand by about two to three months.

The chief advisor indicated that the Japanese government was preparing measures to assist its industrial sector as well as investors; therefore, he believed that investment slowdown would only last for a short-term period.

According to Mr Santi, Japanese companies have expanded their business to many countries. Those branches overseas will have to adjust themselves when their headquarters in Japan were damaged by the disaster.

The chief advisor added that the FTI is now evaluating the impact on parent companies in Japan and their subsidiaries in Thailand.