Japanese companies eying up Turkey

Istanbul, 22 August 2012 – In a recent Anatolia news agency interview, Yo Takahashi, the Japanese embassy attaché, said "The Turks and the Japanese are really very close to each other. But there are still many steps to be taken to bring our economic relations to the level we wish, one which would reflect this closeness”. These comments follow a recent visit to Japan by the Turkish Minister of  Economy, Zafar Caglayan, and the announcement that Bank of Tokyo Mitsubishi UFC is applying for a banking licence in Turkey (News 18 July 2012). Takahashi hinted two other banks may follow in Bank of  Tokyo into Turkey saying “...getting more and more interested in the Turkish market every day” adding that the growing business importance of Turkey is also shown by the recent decision of Japan's largest business newspaper Nihon Keizai Shimbun to open an office in İstanbul. According to Caglayan several other major Japanese companies, Nihon Keizai Shimbun and Dai-ichi Life Insurance are eying up Turkey, commenting “They define Turkey as the first country where they are going to be operating in Western Asia. Source: Invest inTurkeywith addition info Zaman Today

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