Three decisions announced this week by three major Japanese services firms in three different Southeast Asia markets signal a new wave of Japanese corporate investment in the region that is far from cresting:
- Japan’s AEON became the first foreign supermarket chain to directly enter Myanmar after democratization in 2011 opening its first of fourteen joint venture stores on Monday;
- On the same day, Aozora Bank of Japan announced a partnership with the largest bank by assets in the Philippines, BDO Unibank, to provide mergers and acquisitions advice and services. In January, BDO Unibank and Japan’s Nomura launched a joint venture securities firm in the Philippines.
- Japanese law firm Mori Hamada & Matsumoto’s Thailand office has agreed to take over the Thai legal firm Chandler & Thong-ek, marking the largest overseas merger by a Japanese law firm;