Fiscal Rationalization Scares Away Japanese Investors

Concerns regarding the administration’s planned fiscal rationalization program have led to a decline in Japanese investments in the country. After registering a 52.1% increase last year, investments are down by 56.6% in the first five months of the year, weighed down by possible changes in incentives given by the Philippine Economic Zone Authority. President Rodrigo Duterte’s policy shift to China and Russia may have also contributed to the sharp fall. Trade officials, however, remain confident that the…

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