More Japanese firms relocating functions to Singapore

SMU Associate Professor of Strategic Management Toru Yoshikawa gave some insight to why more Japanese firms are relocating their key functions to Singapore and said that the trend reflects that Japanese companies are now turning their attention to the fast-growing markets in Southeast Asia, after China's red-hot economy began losing some of its steam. "While the growth of the Chinese market is slowing, on the contrary some Asian countries such as Indonesia or Myanmar are growing, and Singapore is an ideal hub to enter these neighboring markets," Prof Yoshikawa said.