Japanese infrastructure investment in Southeast Asia

Tomoo Kikuchi*, Sayaka Unzaki

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

Japan’s investment in the domestic construction industry has fallen to less than half its peak in 1992. Given the country’s declining population, Japanese construction companies must go global to remain profitable. To what extent the Japanese government and Japanese companies can contribute to meeting the growing infrastructure needs in the region is unclear as Japanese companies have long been operating primarily in Japan. The Japanese government has in recent years passed a series of new laws that encourage private sector participation in financing, building and operating public infrastructure. Through involvement in such public projects, Japanese companies have developed the skills and technologies to build a variety of infrastructures that are resilient to natural disasters and adaptable to various geographical conditions and social and economic development. But the major challenge for Japanese companies is to transform their business model drastically from one that relies on the domestic market to one that contributes to the social and economic development of third countries.

Original languageEnglish
Article number1116
Pages (from-to)129-138
Number of pages10
JournalJournal of Infrastructure, Policy and Development
Volume3
Issue number1
DOIs
Publication statusPublished - 2019
Externally publishedYes

Keywords

  • Construction industry
  • Japanese infrastructure investment
  • Public-private partnership
  • Southeast Asia

ASJC Scopus subject areas

  • Development
  • Public Administration
  • Urban Studies
  • Social Sciences (miscellaneous)

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