The chief executive of eBay Inc. said Tuesday the U.S. e-commerce giant aims to turn its Japan operations into a multibillion-dollar business by offering a range of foreign items at competitive prices.

Devin Wenig, president and CEO of eBay, also said in an interview in Tokyo that the company will expand operations in other parts of Asia, including the Philippines, Thailand and Vietnam, citing their growth potential and saying that the firm is "always watching" for new business opportunities.

"We would like to be one of the top Japanese e-commerce sites," said Wenig, pitching eBay's strength in providing products at the "best" prices by taking advantage of its worldwide inventory networks.