Following rising Japanese investment throughout Southeast Asia, United Overseas Bank (UOB) has expanded its Foreign Direct Investment (FDI) Advisory Unit to help Japanese businesses expand in the region. The development has been hugely successful, seeing UOB's Japanese client deposit flow in the first quarter of 2016 reach more than 80% than the deposit flow received from all its Japanese clients the whole previous year. In a recent interview with Reuters, Mr. Takayama said that he was "surprised" by how well his new office had done and hoped it would be replicated across Japan.
Following rising Japanese investment throughout Southeast Asia, United Overseas Bank (UOB) has expanded its Foreign Direct Investment (FDI) Advisory Unit to help Japanese businesses expand in the region. The development has been hugely successful, seeing UOB's Japanese client deposit flow in the first quarter of 2016 reach more than 80% than the deposit flow received from all its Japanese clients the whole previous year. Japanese demand for UOB services is expected to continue growth in Southeast Asia following a muted economy and rising business costs throughout Japan.