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Philippine government tries to lure private Japanese investment

Peso movement in line with fundamentals: central bank governor

The Philippine government delegation sought to allay fears over a weakening peso.

TOKYO -- The Philippine government has called on cash-rich Japanese companies to invest more in the country, with senior officials and the central bank governor making the case for the fast-growing economy at a seminar in Tokyo.

To attract that cash, Manila needs to instill some confidence in investors. That was the main aim of the event hosted by the country's Tokyo embassy on Sept. 26, titled "The Rising Philippine Economy: Powering Gains with Global Partners through Shared Goals." 

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