Japan offered on Tuesday extra loans, insurance and a baht cash line to help Japanese companies in flood-ravaged Thailand, signalling growing concerns over the disaster's impact on the world's third biggest economy.
Thai officials have said it could take as long as six weeks for water to recede after the nation's worst flooding in half a century and a further 45 days for industrial parks to reopen, and the prospect of a prolonged production paralysis is raising alarm in Tokyo.
"Thailand is the centre of Japan's supply chain, especially in the ASEAN region," Economics Minister Motohisa Furukawa told reporters, referring to Southeast Asia's economic and political bloc. "We need to keep in mind the impact on Japanese firms and closely watch the impact on the Japanese economy."
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