SINGAPORE (Kyodo) As Japan's economic revival sparks overseas interest in doing business in the country, Japan and Singapore have launched a joint project to find corporate partners for Singaporean companies who wish to enter the world's second-largest economy.
International Enterprise Singapore, the city-state's trade and investment promotion agency, has told its Japanese partner, the state-run Development Bank of Japan, that it expects their "matchmaking" service to double the number of Singaporean companies investing in Japan to 140 within a few years.
Using the DBJ's database of Japanese firms, the service aims to help Singaporean businesses that want to enter the Japanese market but are finding it hard to get Japanese partners on their own. The DBJ is also considering extending credit to Singaporean firms who want to do business in Japan but have no access to private lenders there.