The plan will be subject to final endorsement at an economic ministers' meeting "I instructed the BOI to look at both tax and non-tax incentives while speeding up procedures to support Japanese investment arriving in Thailand, "said Mr Buddhipongse.
This could be developed as as special package lasting only three six month while Japan recovers from what has happened. It would actually be kind of an assistance measure for our long-term partner Japan, as Thailand is a major manufacturing base for Japanese companies.
Japanese investors may want to shift more production here, especially since the Japan External trade Organisation already mooted the possibility before the disasters occurred.
The BoI said Japan was the top foreign investor in Thailand at 111 billion baht last year, up sharply from 70 billion in 2009, out of total foreign investment of 284 billion.