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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan 'worried' foreign investors may withdraw capital, says official AFP - Saturday, November 15 LONDON (AFP) - - Japan is "worried" that foreign investors may withdraw capital because of the international financial crisis, the head of the country's external trade agency told AFP Friday. Speaking on the sidelines of a Britain-Japan trade symposium in London, Yasuo Hayashi said that potential withdrawal of foreign investment would make it difficult for Japan to meet its targets. "The problem is that, because of the recent financial turmoil, we are worried about the withdrawal of foreign investment from Japan," the chairman and chief executive of Japan External Trade Organization (JETRO) said. "Those who have invested in the past may withdraw their investments -- financial organisations, like (insurance company) AIG, may sell their shares to, for instance, Japanese companies." Hayashi said that such capital flight would make it difficult for Japan to meet its target of drawing accumulated foreign investment totalling five percent of gross domestic product by 2010. That figure currently stands at three percent. He said that foreign investment was "crucial" for any country's development, since it could also bring international expertise to the country. "It's almost impossible in this global economy to grow on the values which one country has -- we need to introduce other values to grow more and to grow better." Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Brazil's Sao Paulo state loses 10,000 jobsAP - Saturday, November 15 Stocks retreat as investors refocus on economyAP - Saturday, November 15 Japan 'worried' foreign investors may withdraw capital, says officialAFP - Saturday, November 15 China's Fuqi Q3 beats Street; ups '08 view, shares riseReuters - Saturday, November 15 Related Articles: Business GLOBAL MARKETS-U.S. stocks, oil fall on dismal economic outlookReuters - Saturday, November 15 G20 must produce quick, joint action-IndonesiaReuters - Saturday, November 15 Tentative deal in Boeing engineers contract talksAP - Saturday, November 15 US STOCKS-Worries about the consumer weigh on Wall StReuters - Saturday, November 15 Outlooks point to painful holiday for retailersAP - Saturday, November 15 Enlarge Photo Japan 'worried' foreign investors may withdraw capital, says official Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Ancient 4,300-year-old pyramid discovered in Egypt Bin Laden is isolated, focused on his own security: CIA Earth would be heading to a freeze without CO2 emissions Britney Spears's son hospitalized: statement China mulls crackdown on lip-synching View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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