** Japan firms worried one month after Thai coup ** Jun. 22, 2014 - Updated 03:43 UTC One month since the military coup in Thailand, Japanese firms say they are increasingly worried about the countrys political situation. The concerns have been aired at a weekend business fair in Bangkok for Japanese firms with ties to Thailand. A representative of an auto parts surface treatment company said orders have sharply dropped since the coup. He said he hoped for a quick resolution to Thailands problems. Another delegate said he is worried that any new government might be overthrown by a coup again. He said his car-parts firm may need to review its business plan. Japanese firms account for 60 percent of foreign investment in Thailand, which they say is a key Southeast Asia production base. But these firms say the persistent political turmoil is a risk to investment. Economists say Japanese companies could shift investment to Indonesia, Myanmar and other rising regional economies unless there is a resolution.
Posted on: Fri, 27 Jun 2014 06:35:48 +0000
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