Japan shifts more investment to ASEAN in strategic rebalancing

Don't be surprised if the next time you buy a Japanese product, you discover that instead of "made in China", the label says "made in Thailand" or "made in Indonesia".

Japan is looking to the Association of Southeast Asian Nations as an investment destination for manufacturing due, in large part, to the rising cost of labor in China.

"China is still a big country with huge potential for the Japanese," says Yasuhide Fujii, managing partner at consultancy KPMG's Myanmar office.