Japanese investors gave a strong vote of confidence in the Marcos Jr. administration’s economic agenda during the Philippine Economic Briefing (PEB) held in Osaka, which drew over 280 investors and guests.
Finance Secretary Ralph G. Recto led the government delegation, assuring Japanese businesses of a transparent, reform-driven, and investor-friendly environment. “We will continuously earn your trust and confidence by protecting your investments and delivering on our promises,” Recto told participants.
Recto highlighted key reforms, including the CREATE MORE Act, which offers enhanced fiscal incentives and VAT exemption for export-oriented firms — a long-standing request of Japanese exporters. He also cited successful Japanese investments in the Philippines such as Tsuneishi’s shipbuilding operations, which have contributed to the creation of over 320,000 local jobs.
Japan remains the largest investor in Philippine economic zones. Recto said the government aims to significantly expand the current 3,000-plus Japanese-owned projects, especially in manufacturing.
The event also underscored the country’s push to attract more Japanese involvement in infrastructure projects under the Build Better More program, with companies like Shimizu, Mitsubishi, and Sumitomo cited for their continued role in Philippine transport development.
The PEB in Osaka forms part of a broader campaign to deepen economic ties as both nations celebrate 70 years of diplomatic relations. Prior to the event, Philippine officials also held high-level meetings with top Japanese firms including Sojitz, Mitsui, Marubeni, and Kankeiren to push for stronger investment and cooperation in infrastructure and development.
