7 July 2014
More and
more Japanese companies have begun to expand their businesses into countries
with small economies in Southeast Asia such as Cambodia, Myanmar and Vietnam.
Japanese
companies have been shifting their presence in Asia from China through Thailand
to nations considered to be less economically advanced. Retail giant Aeon Co.
on Monday opened a shopping mall in Phnom Penh, the capital of Cambodia that is
one of the nation’s largest commercial complexes. The facility houses about 190
stores, including an Aeon supermarket, a movie theater, a bowling alley and
brand-name clothing shops. Aeon Co. invested about ¥20 billion.
As
Japanese companies face the issue of a shrinking domestic market due to the low
birth rate and the aging population, such nations in Southeast Asia are
positioned as an important market to improve their business performances.
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