(Reuters) Tova Cohen - Japanese executives say they are increasingly drawn to investments in Israel as the price of oil falls and, with it, the influence Arab oil suppliers have on Japan's decision-making. "As oil prices come down, strategically it's not as important," said Yoshimitsu Kobayashi, chairman of Mitsubishi Chemical Holdings, who led a delegation from the Japanese business lobby to Israel in May. "Japan is changing its mind." Israel's prowess in Internet, biotech, and automotive technologies is particularly attractive, Kobayashi said. Bilateral trade in goods in the first seven months of 2016 rose to $1.4 billion from $1.1 billion, making Japan Israel's fourth-largest market in Asia.
2016-09-06 00:00:00Full ArticleBACK Visit the Daily Alert Archive