Japan to Help Malaysia Sell Samurai Bonds of Up to 200 B. Yen

Politics

Tokyo, Nov. 6 (Jiji Press)--Japanese Prime Minister Shinzo Abe and his visiting Malaysian counterpart, Mahathir Mohamad, agreed Tuesday that Malaysia will issue up to 200 billion yen in yen-denominated bonds guaranteed by the government-affiliated Japan Bank for International Cooperation.

Japan aims to support the Malaysian government's fiscal reconstruction by assisting its issuance of so-called samurai bonds in Japan, Japanese officials said.

At the beginning of their meeting in Tokyo, Abe welcomed the visit by Mahathir, calling him "a great leader of Asia and an old friend of Japan."

The Abe-Mahathir summit is the second since Mahathir made a comeback as the Southeast Asian country's prime minister in May this year, about 15 years after he left office previously. Their last meeting took place in June.

During the latest meeting, Abe and Mahathir agreed to step up their countries' cooperation in the fields of the economy, education and human resources development, with Mahathir aiming to reactivate his Look East policy of learning from countries such as Japan.

[Copyright The Jiji Press, Ltd.]

Jiji Press