Japanese companies are very interested in ASEAN markets
Japanese companies are very interested in ASEAN markets, and they are willing to expand their businesses. When they try to expand, they tend to like Joint venture and business partnership. Especially nowadays Japan market is already saturated and yen value is increasing, they are constantly looking for business partner in abroad.
Thus, this is the very big opportunity to Filipino companies for them to grow faster and bigger.
What’s the advantage for Filipino companies having business partnership with Japanese companies?
As you already know as a business owner, Philippines market is growing rapidly and if you want to grow faster and bigger to make a strong position in your industry, needless to say, you need more funds, technologies, efficient staffs and know-how.
And, Japanese companies have those things. Aside from that, we hardly have a problem in term of communication because we are both asian and understand and respect both cultures. This is a big advantage because communication is a key after having a partnership to execute strategies together.
You don’t need a big step to start, but need to take a small step at least if you are considering to grow your company more and more.