Sign up | Log in



Home  >>  Daily News  >>  ASEAN ANALYSIS


Asean Affairs  21 March 2011

Asean reacts to Japanese crisis

By  David Swartzentruber

AseanAffairs     21 March 2011

Related Stories

March 18,2011
Cambodia on a learning curve

March 17,2011
Radiation anxiety in Asia-Pacific

March 16,2011
Asean reaches out to Japan

March 15,2011
How will Japan’s disaster affect Asian economies?

Over the weekend and into the start of this week, reactions to the crisis in Japan are starting to surface from member states of the Asean community.

A general consensus is emerging that the next six months will be difficult but as Japan’s recovery effort gains speed, trade and commerce will improve.

In Indonesia, Asean’s largest economy, a deputy trade minister compared the situation to the aftermath of the 1995 Kobe earthquake and cautioned against over-reaction.

“During the Kobe earthquake, Japan’s imports weakened for around six months, and at that time as much as 20 percent of our exports went to Japan,” he said. “Now, we are less dependent on Japan. Even though Japan was still our main export destination last year, the percentage of exports had dropped to 13 percent,” deputy trade minister Mahendra Siregar, said.

Appropriately ahead of an “Invest in Japan” seminar in Bangkok, Munenori Yamada, president of the Japan External Trade Organisation (Jetro) Bangkok, said the impacts from this month's disasters were manageable while Japan's commitment to Thailand has not been changed.

Chanitr Charnchainarong, president of Thailand’s Market for Alternative Investment (MAI), said the MAI and the Tokyo Alternative Investment Market (Tokyo AIM) were cooperating on dual listing. Companies from the two countries would have more access to funding for investments in both Japan and Thailand through both countries' stock exchange.

In Philippines an analyst sounded an optimistic note, “Japan is moving forward, as expected to a return-to-normalcy sooner than later. On the other hand, the UN has given its blessings on the proposals and plans of France, Britain, the US and their allies, to, at the very least, reduce the incidence of violence in Libya,” said Jun Calaycay of Accord Capital Equities Corp.

In Malaysia, Affin Investment Bank's head of retail research, Dr. Nazri Khan, said,“The fact that Bank of Japan has responded with a huge asset buying programme and the G-7 plans for a coordinated intervention to stabilise the yen has been positive for the stock market,” he said. Japan remains an important factor in Asia and the confidence in the country expressed from various Asean countries is important to the region and the rst of the global business community.

Paul A. Ebeling, Jnr

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    21  March 2011 Subsribe Now !
 • Oil prices no threat to Indo budget
Subcribe: Asean Affairs Global Magazine
• Indo exports to Japan should drop, but rebound Asean Affairs Premium
• Malaysia market for electronic sales

• Philippines hopes to create a million jobs

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Increase in Philippines interest rate seen

• Australian take on SGX merger

• Red shirts rally in Northeast

• Thai textiles rebound
Asean Analysis    21   March 2011 Advertise Your Brand
• Asean reacts to Japanese crisis Sponsor Our Events
Asean Stock Watch    21  March 2011
• A Wild Week in ASEAN
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand