Malaysia, Japan trade rises 12pc
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Malaysia and Japan experienced a 12% increase in bilateral trade during the first seven months of 2026, with the value reaching US$23.3 billion, according to Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani. The minister emphasized that Japan remains one of Malaysia's crucial trading and investment partners, facilitated by long-standing economic cooperation.
These investments have introduced technology and management expertise, bolstered domestic supply chains, enabled local businesses to thrive, and integrated Malaysia into global manufacturing networks.
Speaking at the 43rd MAJECA-JAMECA Joint Conference, Johari outlined Malaysia's aspirations to elevate and expand its economic ties with Japan. He expressed the desire to surpass past ambitions and intensify the relationship, rather than replicating historical models. Both nations share common economic priorities, including economic, food, and energy security, as well as the development of resilient critical supply chains.
Japan can capitalize on emerging opportunities across ASEAN and Malaysia's energy transition by promoting renewable energy expansion, new energy technologies, and future-ready infrastructure.
Johari highlighted the importance of local companies developing their technological capabilities and becoming suppliers not only to multinational corporations operating in Malaysia but also to international supply chains. He further noted that Japan offers capabilities that can assist Malaysia in transitioning into sophisticated segments of the semiconductor value chain.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
