News Release

PBBM expects more deals from Japan after successful working visit to Tokyo

President Ferdinand R. Marcos Jr. on Sunday expressed confidence that more investments will come to the Philippines on top of the deals signed during his successful working visit to Tokyo.

“That’s why we keep on doing this… the Japanese have been very forward-looking, in a sense na meron talaga silang mga pinaplano that are very new, taking advantage [of] the new technologies,” the President said in a chance interview with reporters onboard PR 001.

The chief executive said he also looks forward to bolstering partnerships with Japan in terms of climate change mitigation and adaptation, which is a key part of his administration’s priority agenda.

“Then ‘yung kanilang mga initiatives sa climate change are very, very well-advanced. Kaya’t ‘yun sa palagay ko, marami tayong magagawa in that area,” the President pointed out.

The President said his working visit to Tokyo was a mission accomplished given the “good results” obtained by the Philippine delegation.

The five-day visit has so far resulted in seven bilateral agreements and 35 investment deals amounting to USD 13 billion or Php 708.2 billion, estimated to generate around 24,000 jobs for Filipinos.

“All of the projects that were on the pipeline, I think we were able to finalize all of them. That’s a good result I think from this trip,” the President said.

When asked about when the investments will start rolling, the President said: “Some of them have already begun. Kasi marami diyan nag-shutdown ng operation [and] they will return but with a promise na ‘yung kanilang dating plano [ay] i-eexpand nila.”

President Marcos departed from Japan for Manila on Sunday afternoon with 35 key agreements signed between the Philippines and its long-time Asian ally in a wide range of areas that include infrastructure, agriculture, and information and communications technology, among others. #