Republic of the Philippines Department of Finance, Secretary of Finance Benjamin E. Diokno
Over the years, the relationship between the Philippines and Japan has only grown stronger and deeper across trade, commerce, tourism, and security. This economic partnership has been the driving force behind many of our most ambitious infrastructure projects, with Japan being the Philippines’ leading source of official development assistance for years.
We have long enjoyed excellent trade relations and business collaboration, making Japan our second largest trading partner and second largest source of investments. Our populations make us highly compatible demographic partners, and cultural exchange between our two peoples continue to bring us closer.
When the COVID-19 pandemic sent shockwaves throughout the world economy, Japan remained a steady source of support and a reliable ally of the Filipino people, extending a significant grant aid that allowed for the acquisition of urgently needed medical equipment for our frontline health workers.
In many ways, Japan’s generous support to the Philippines’ socioeconomic development has been unparalleled. Moving forward, the administration of President Ferdinand R. Marcos, Jr. is determined to nurture and further develop this enduring bond as we make our way towards sustainable and inclusive growth in the years to come.
Over the years, the relationship between the Philippines and Japan has only grown stronger and deeper across trade, commerce, tourism, and security.
Benjamin E. Diokno, Secretary of the Department of Finance
The Philippines has already entered a new chapter in its economic journey. Being one of the fastest-growing emerging economies in the region, we are harnessing the momentum to catapult the Philippine economy to new heights.
Our vision of social and economic transformation is supported by targeted and strategic investments in high-impact areas such as infrastructure development, digital transformation, and human capital development.
We believe that all of this opens new doors of opportunity for enhanced and mutually beneficial partnership with Japan. Together, let us work hard to build a resilient, sustainable, and prosperous future for both our peoples.
