Japanese Minister of Economy, Trade and Industry Hagiuda Koichi has revealed an initiative regarding investment in ASEAN, which focuses on supply chain, connectivity, digital innovation and human resources.
Unloading container cargos at Tokyo Port, Japan (Photo: VNA)
Jakarta (VNA) –🍒 Japanese Minister of Economy, Trade andIndustry Hagiuda Koichi has revealed an initiative regarding investment inASEAN, which focuses on supply chain, connectivity, digital innovation andhuman resources.
The announcement was made during a conference held inJakarta on January 10. Regarding investment in supply chain, Hagiuda said enhancingASEAN’s capability as an important hub in global supply chain and increasingits attractiveness is extremely important also from the stand point ofresilient Japanese economy. Japan spent about 300 million USD to support capitalinvestment of 92 firms and plans to continue the support this year. Investment in digital supply chain management will bepromoted, he underlined. As a first step, Japan will provide an assistanceworth about 9 million USD. In addition, investment in hard infrastructure willcontinue, along with soft connectivity. Japan will contribute to the digitalisationof trade procedures as well. The next field of investment is new industry and digitalinnovation associated with building sustainable society. The Japanese government has provided about 8 million USD to40 new projects in the last two years to support alliances of Japanesecompanies and ASEAN ones offering solutions to local social problems. About 9 million USD will be provided to promote partnershipbetween Japan-ASEAN businesses. Investment in human resources of the future will also bebolstered, the Japanese minister said. Over the next five years, Japan hopes to extend supportto provide opportunities for 50,000 highly-skilled Asian professionals to seekjobs in Japanese companies in Asia as well as Japan./.
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Unloading container cargos at Tokyo Port, Japan (Photo: VNA) 
