Foreign capital is flowing into the country despite its high inflation rate and a slowing economy, according to the Ministry of Planning and Investment (MPI).
Foreign direct investment in the first five months of this year reached USD 14.7 billion, 2.6 times last year’s figure, 80 per cent of which were poured into real estate and tourism sectors.
However, many foreign businesses complained about problems with transport, seaports, electricity supply, communication and information systems, and administrative procedures, according to a report of the Japan External Trade Organization.
They also faced a shortage of qualified human resources, high land prices and office rents, the report said.