Manila, Feb. 19 -- The Philippines is prepared to welcome more Japanese investors and expand bilateral trade, Executive Secretary Ralph Recto said Thursday, citing policy alignment and improving business conditions between the two long-time allies.

Speaking at the welcome dinner for the 42nd Annual Joint Meeting of the Economic Cooperation Committees of the Philippines and Japan at the Goldenberg Mansion in Malacanang on Wednesday, Recto said conditions are "ripe" for a stronger economic partnership.

"The Philippines is ready to do more business with Japanese partners," he said.

"You want clear rules. You want a coordinated government. And you want decisions made, without delay. That is exactly what we are working to deliver."

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