Japanese investments in Mexico remains steady, mainly in the auto and auto parts sectors, reflecting the growing vehicle production in the country and popularity of Japanese brand cars, said a researcher from the Japan External Trade Organization.
More than 400 Japanese firms operate in Mexico today, with 56 investment plans announced over the past two years. Most of these investments, including expansion of existing operations, were in the auto and auto parts production as well as related sectors, said Takao Nakahata, a researcher from the Latin American Division of the Japan External Trade Organization's Overseas Research Department.
Nakahata was speaking at a seminar organized by the Keizai Koho Cener on Nov. 20 to discuss the Mexican economy and recent trends in Japanese investments.