Japanese Prime Minister Shinzo Abe got an early sign of how his blueprint to revive Japan’s industrial vim and economic vigor was working when two of his country’s biggest car makers unveiled $900 million worth of investments to boost production.
There was one drawback: the new assembly plants and expanded factories announced by Mazda and Honda are not in Japan, but more than 2,000 miles away, in Thailand.
Since taking office last December, Abe’s stimulus efforts have barely dented a slide in private-sector investment at home, but they have done wonders for accelerating Japanese investment elsewhere in Asia.
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