"We have a feeling in our gut that in Africa, where possibilities abound, Japan can grow vigorously," Japan’s Prime Minister Shinzo Abe pledged.
Starting this year, Japan will make a $10bn investment in the continent's infrastructure development, focusing on electrical power, urban transport systems, roads and ports. An additional $20bn will flow into Africa through investments from Japan's private sector.
In 2015, Japanese trade with the continent stood at $24bn (China, Africa's largest trading partner, recorded total trade in Africa was worth approximately $179bn)
Seijiro Takeshita, an economist and professor at the University of Shizuoka, said, Japan wants to be a permanent member of the UN Security Council and they would want to get more people agreeing to this agenda." He continued "Another reason is that not only Japan, but China's neighbouring nations are all feeling this extreme aggression by China and that is one of the reasons why Abe has pointed out he wants a free and open Pacific-Indian sea strategy. This is basically to ward off the continuous aggression that the neighbouring nations are feeling from China."
Post a Comment