Japan visit promotes investment

Following on from the G8 summit, the First and deputy First Ministers have visited Japan on a four-day trade mission. The trip took place alongside an Irish Government mission led by Enda Kenny.

Peter Robinson and Martin McGuinness met Japanese Prime Minister Shinzo Abe and had several other business and political meetings in Tokyo. Robinson said that the meeting underlined the Executive’s commitment to “develop and strengthen our relationship with Japan.” He added: “We are determined to explore all areas where we can both benefit with a particular focus on our economy, education and cultural links.” McGuinness said that the “growth and longevity” of Japanese investors is “testimony to the Japanese culture and commitment to long-term sustainable investments.”

Shinzo Abe leads the right-wing Liberal Democratic Party. His current term as Prime Minister began in December 2012 and he had briefly held the post in 2006-2007.

The OFMDFM trip took place at a time of tension between Japan, Korea and China and high level international interest in the region. David Cameron travelled to China and his business delegation included Dungannon-based manufacturer Dunbia.

Japan is the world’s fourth largest economy but was badly affected by the post-2008 economic crisis. Japanese investors in Northern Ireland employ around 2,500 people, and include Fujitsu, Ryobi and Terumo BCT. The latter company, a medical devices manufacturer, has pledged to create 416 jobs in Larne.