Japanese food producers enable to source sufficient raw materials at home have indicated interest in co-investment production projects with Thai counterparts, according to a report in Thai publication Business Day this week.

Adisai Bhodaramik, Thai Commerce Minister, is quoted in the report as saying: "The fact that Japanese investors are interested in investing in food processing plants in Thailand is a good sign for the country, which is in need of foreign investment."

A move to widen the market in Japan for Thai products is not easy at the moment however, he counselled, because given the current recession Japanese consumers are more cautious with spending.