Arab Today, arab today japan\s noda heads to india on economic mission
Last Updated : GMT 04:08:17
Arab Today, arab today
Arab Today, arab today

Japan\'s Noda heads to India on economic mission

Arab Today, arab today

Arab Today, arab today Japan\'s Noda heads to India on economic mission

New Delhi - AFP

Japanese Prime Minister Yoshihiko Noda left for India on Tuesday, where economic ties will be the order of the day as Tokyo looks to shore up a financial friendship. The day after returning from Beijing where the focus was on geopolitical issues -- particularly in the aftermath of the death of North Korean leader Kim Jong-Il -- Noda\'s trip to New Delhi will be heavy on business. In a meeting Wednesday with Indian counterpart Manmohan Singh, the two are expected to sign a dollar swap accord worth up to $10 billion, through which Tokyo would provide capital when the rupee plunges against the US unit, local media said. \"Emerging economies overall are being shaken by the eurozone sovereign debt crisis,\" said Tsuyoshi Ueno, a senior economist at NLI Research Institute. \"Currencies in emerging economies get volatile when European banks pull out capital,\" he said. \"A dollar swap arrangement can help emerging economies as it promises a supply of dollars in an emergency.\" Japan, which already has a similar accord with South Korea, has seen its exports tumble for two straight months to November, with sales to the key European market floundering as the debt crisis grips. Flooding in Thailand, which is a production hub for many leading Japanese firms, and a stronger yen have also weighed on Asia\'s second-largest economy, which is still running to catch up from the effects of the March 11 quake and tsunami disaster. Helping emerging economies such as India also supports Japan\'s own export-reliant economy, Ueno said. \"India, as much as South Korea, is a very significant market for Japan. Such a dollar swap accord is ultimately aimed at stabilising Japan\'s own economy,\" he said. Shortly before Noda\'s departure, Finance Minister Jun Azumi told reporters that nothing was finalised on the currency swap yet. \"Talks are ongoing. I am hopeful that an agreement will be reached at the Japan-India summit talks,\" he said. Japan is trying to widen and deepen its trade and financial partnerships as it looks to catch up with export rival South Korea, and after China overtook it as the world\'s second-largest economy in 2010. Noda\'s predecessor Naoto Kan met Singh in October last year and stressed the warm ties linking two of Asia\'s biggest democracies at a time of high diplomatic tensions between Japan and communist China. Relations between Tokyo and Beijing sharply deteriorated last year following Japan\'s arrest of a Chinese fishing boat captain near a disputed island chain in the East China Sea. Beijing reacted furiously, cancelling high-level talks and civilian exchanges while suspending exports of rare earth minerals, which are crucial for Japan\'s high-tech products -- from computer components to hybrid cars. Japan has since tried to diversify rare earth supplies, more than 90 percent of which are controlled by China, and is looking to jointly develop rare earth mineral deposits in India. Noda and Singh are also expected to discuss a Japanese loan for a mega project to build a freight railway between New Delhi and Mumbai and a key deal on civilian nuclear cooperation. Japan and India launched talks in June 2010 on a nuclear cooperation pact that would allow Tokyo to export its cutting-edge technology to the energy-hungry South Asian nation, a hotly contested market for atomic plants. Japan is worried that nuclear-armed India has not signed the Nuclear Non-Proliferation Treaty, while the Fukushima nuclear accident triggered by a huge earthquake and tsunami has clouded the future of the deal. Nevertheless, Ueno said India would continue to be an important market and partner for Japan. \"India has a big population and great potential for growth in the next decade or two,\" Ueno said. \"It is a reasonable policy for Japan to further strengthen its ties with India.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s noda heads to india on economic mission Arab Today, arab today japan\s noda heads to india on economic mission

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s noda heads to india on economic mission Arab Today, arab today japan\s noda heads to india on economic mission

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday