Cambodian exports to Japan soar
Cambodian exports to Japan, the world’s third-largest economy, rocketed last year – reflecting investment flows in recent years. According to the latest figures from the Japan External Trade Organization, exports to Japan reached more than $1.2 billion last year, an increase of 24.4 percent compared with a year earlier. Commerce Ministry spokeswoman Soeng Sophary said that the rise was mainly due to political stability and sound and strong economic growth, meaning that Japanese investors were injecting their cash here. “Before, we were a country that mainly got soft loans from Japan but now we can attract them to invest here,” she said. She added that most of the Japanese investors are investing in the electronics sector and pumping money into firms such as Minebea, a small appliance motor manufacturer, to supply other companies in Japan and around the world.
