MANILA, Philippines — The Philippine government is ready to do more business with Japan, Executive Secretary Ralph Recto said, as he welcomed Japanese and Filipino business leaders in Malacañang.
In his speech during a welcome dinner for the 42nd Annual Joint Meeting of the Economic Cooperation Committees of the Philippines and Japan at the Goldenberg Mansion on Wednesday, Recto said there was an alignment of mutually beneficial programs and policies that would yield benefits for two strong allies.
"The Philippines — our people — is ready to do more business with you. We understand that investors do not ask for favors, only fairness, predictability, and speed," Recto said
"You want clear rules. You want a coordinated government. And you want decisions made before opportunities expire. That is exactly what we are working to deliver," he added.
Trade between the two nations reached about P1.27 trillion last year, with the Philippines posting a surplus, making Japan the country’s second-largest trading partner.
Recto said Japan was also the top source of foreign direct investments, pouring in P42.5 billion in the first 11 months of 2025.
He cited the Metro Manila Subway as “Exhibit A of Japan being a premium brand,” saying its reputation precedes it because of its Japanese provenance.
"Invest here, and you also gain a skilled and adaptable workforce. A strategic location in a rapidly growing region. And a government committed to being a partner," Recto said.
"Your technology and discipline, combined with Filipino talent and creativity, create something powerful: industries that last and partnerships that endure," he added.
