News Summary
Japanese investment in Georgia is flourishing, with significant initiatives enhancing economic ties between the regions. Key developments, including a new Yakult plant and a recent trade deal, reflect the commitment of Japanese firms to expand their operations in Georgia. The appointment of a new managing director for Georgia’s Japan trade office aims to drive further investment, promoting mutual growth and collaboration. With nearly 400 Japanese companies employing thousands in the state, the ongoing partnership showcases the robust economic network and the pivotal role of Japan in Georgia’s economic landscape.
Adairsville, Georgia – Japanese investment in Georgia is witnessing a significant surge, bolstered by new trade initiatives and key appointments aimed at enhancing the economic ties between the state and Japan. Sakai America Inc., which operates in Adairsville, is at the forefront of this partnership, known for its production of powerful paver equipment focusing on road rollers.
The Georgia-Japan Legislative Caucus convened recently at Sakai’s assembly plant, emphasizing the importance of the economic relationship between the two regions. Yasunori Azumi-san, the president of Sakai America, has managed the operation for six years, representing the enduring Japanese presence in the local community.
Japan has invested approximately $10 billion in Georgia over the last decade, with around 400 Japanese companies employing nearly 40,000 residents across the state. The clustering of Japanese firms, including notable companies like Daiki, Airman USA, and Yanmar surrounding Sakai, further exemplifies the robust economic network. Additionally, Koyo Bearings employs nearly 5% of Screven County’s population, highlighting the significant contributions of Japanese companies to local employment.
A major addition to this investment landscape is the planned opening of a new $305 million Yakult plant in Bartow County, marking a noteworthy investment just before the upcoming 2020 U.S. election. This development reflects the ongoing commitment of Japanese firms to expand their operations in Georgia.
The recently finalized trade deal between the United States and Japan introduces a $550 billion Japanese fund aimed at supporting strategic sectors in the U.S. market. This influx of capital is contingent upon reducing tariffs to 15%, which could further enhance trade relations.
Overall, the foreign direct investment (FDI) from Japan to the United States has reached a remarkable $754 billion over the last 50 years, with Georgia emerging as a key destination for these funds. In particular, the state has experienced $4 billion in new investments from Japanese companies within the last decade, providing a significant boost to its economy.
The recent appointment of Takao Yamamoto as the new managing director of Georgia’s Japan trade and investment office, starting mid-July, is expected to further drive investment activities. With three decades of experience in the food industry, including positions at Asahi Kasei and CSM Japan, Yamamoto aims to increase investment from Japanese firms in Georgia, promote the export of Georgian products to Japan, and enhance tourism opportunities.
The Georgia office has played a pivotal role as a channel to nurture long-standing economic relationships with Japan, ensuring continuity in recruitment efforts for businesses looking to expand in the region. Anticipation is building for the upcoming SEUS-Japan alliance conference, where a delegation of 30 individuals from Georgia is set to visit Japan to foster further economic collaboration.
Currently, over 460 Japanese facilities are operational in Georgia, providing employment for more than 49,000 residents. In 2022, trade between Georgia and Japan reached over $9.7 billion, positioning Japan as Georgia’s sixth largest trading partner. Since 1973, the State of Georgia has maintained a consistent economic representation in Japan, aiding numerous Japanese firms in establishing their operations in the state, thereby facilitating mutual growth and prosperity.
Deeper Dive: News & Info About This Topic
- Global Atlanta: Newsletter – Japan Friendship
- Global Atlanta: Georgia Names New Head of Japan Office
- AJC: Tariff Threats Aimed at South Korea and Japan
- Wikipedia: Japan
- Washington Post: Trump Presidency News
Author: STAFF HERE SAVANNAH WRITER
SAVANNAH STAFF WRITER The SAVANNAH STAFF WRITER represents the experienced team at HERESavannah.com, your go-to source for actionable local news and information in Savannah, Chatham County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Savannah Music Festival, St. Patrick's Day Parade, and Savannah Jazz Festival. Our coverage extends to key organizations like the Savannah Area Chamber of Commerce and United Way of the Coastal Empire, plus leading businesses in aerospace, education, and logistics that power the local economy such as Gulfstream Aerospace, Savannah College of Art and Design, and Colonial Group. As part of the broader HERE network, including HEREAtlanta.com and HEREAugusta.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
