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Japan to help finance China's Belt and Road projects: Nikkei

Cooperation will centre on the environmental sector, industrial modernization and logistics

Reuters  |  Tokyo 

A rag-and-bone man rides towards a hutong alley decorated with Chinese national flags during the ongoing 19th National Congress of the Communist Party of China, in Beijing
A rag-and-bone man rides towards a hutong alley decorated with Chinese national flags during the ongoing 19th National Congress of the Communist Party of China, in Beijing

The Japanese plans to cooperate with on its by financially supporting private-sector partnerships, as Tokyo seeks to improve bilateral ties with its Asian neighbour, the reported on Wednesday.

Cooperation will centre on the environmental sector, industrial modernization and logistics, according to guidelines compiled by the government, the Japanese business daily said.

Assistance will include loans through government-backed financial institutions to promote cooperation among private Japanese and Chinese firms working on projects in third-party countries, it said.

Chinese President Xi Jinping's is an extensive infrastructure plan that will link Asia with the Middle East and Europe, although critics say it is more about spreading Chinese influence.

has taken a cautious stance but has recently shown signs of warming to the initiative.

Kyodo News quoted Prime Minister Shinzo Abe as telling a gathering of Japanese and Chinese business executives this week that he believed "will be able to cooperate well with "

Abe met Xi on the sidelines of an Asia Pacific Economic Cooperation summit last month and said the two had made a "fresh start" to relations between the two nations, which have been plagued by a long-running territorial dispute over a cluster of East Sea islets.

The Japanese premier has proposed visiting at an appropriate time, which would then be followed by a visit by Xi to

 

First Published: Wed, December 06 2017. 08:09 IST
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