Thailand and Japan sign deal to promote yen and baht in direct trade

Thailand and Japan signed a Memorandum of Cooperation between the Ministry of Finance of Japan and the Bank of Thailand on the Cooperation to Promote the Use of Local Currencies

Japan aims to boost yen-to-baht exchanges with direct currency trading

Some 48% of bilateral trade between Japan and Thailand is settled in the yen or baht, compared with 51% in the U.S. dollar.

Japan Election Speculation Makes Yen Bears Happy

Japan will hold a Lower House election on December 16 in which the ruling Democratic Party of Japan (DPJ) is widely expected to lose to the opposition Liberal Democratic Party (LDP). The LDP is headed by Shinzo Abe, a former prime minister, who has called for “unlimited easing” by the Bank of Japan to create inflation and to weaken the yen.

Toyota to double engine capacity in Thailand by 2015

Toyota Motor Corp on Thursday announced the 40 billion-yen investment (approximately Bt16 billion) to expand its diesel engine manufacturing capacity in Thailand.

Japanese automakers resume partial production in Thailand

Leading Japanese automakers on Monday announced the partial resumption of production in Thailand after being forced to halt operations for over a month due to the country’s worst flooding in decades, which disrupted their parts supply.

Thailand’s travel industry fears negative impact of quake

The Thai travel industry faces serious negative impact from the tsunami in Japan yesterday. Airlines and tour operators expect the disaster to hit travel to and from Japan during the coming school holidays.

Foreign Investments drop 32% in Thailand

The value of foreign investment projects in Thailand dropped by almost one-third last year, Thailand’s Board of Investment has announced, as concerns about political stability peaked.

Toyota to lift Thai production by 20%

Toyota Motor Thailand Co., Ltd. (TMT) has produced a cumulative 5 million vehicles in Thailand. TMC established TMT in 1962 as its second overseas production site, following Brazil.