Japan PM Takaichi Tells Bangladesh of 1 T. Yen Investment Plan

Tokyo, Oct. 27 (Jiji Press)--Japanese Prime Minister Sanae Takaichi told her Bangladeshi counterpart, Tarique Rahman, on Tuesday that Japanese companies' investment in Bangladesh is expected to reach 1 trillion yen over the next five years.

At their meeting at the prime minister's office in Tokyo, Takaichi also said Japan would provide a patrol vessel to help strengthen Bangladesh's coast guard capabilities through security-related official development assistance.

The two leaders issued a joint statement after the meeting, pledging to upgrade the Bay of Bengal Industrial Growth Belt, an economic development initiative centered on southern Bangladesh.

The statement also included plans to provide yen loans to improve the country's investment climate.

The Bay of Bengal lies along Japan's sea-lanes, vital maritime shipping routes.

[Copyright The Jiji Press, Ltd.]