Japan eyes Taiwan investments in quake areas


CNA

TAIPEI — A briefing will be held in Taipei next week to introduce investment opportunities in areas of Japan recovering from the devastating effects of a powerful earthquake in March 2011, event organizers said recently. The Japanese government set up some recovery zones in February to attract domestic and foreign investments in these disaster affected areas as part of reconstruction efforts, said the Japan External Trade Organization, one of the organizers. The briefing slated for July 23 is aimed at attracting Taiwanese investments in areas recovering from the magnitude-9 earthquake and ensuing tsunami, it added. The disasters also triggered a meltdown at the Fukushima Daiichi nuclear power plant. “We hope Taiwanese businesses will be able to gain a better understanding of the recovery progress in Japan,” the organization told CNA via e-mail, citing the close economic partnership between Taiwan and Japan. Businesses in areas such as photovoltaics, energy saving, quake-proof technology are welcomed to invest in the recovery areas, said Japan’s Interchange Association, which is also organizing the upcoming event. The association represents Japanese interests in Taiwan in the absence of official diplomatic ties between the two countries.

The recovery areas include Iwate, Miyagi and Fukushima prefectures, the three areas in northeastern Japan that were hardest hit by the disaster, according to the Japan External Trade Organization.

Related to the Japanese government, the organization is tasked with promoting Japan’s trade and investment with other countries.