TOKYO — Japan announced 132.6 billion yen ($1.2 billion) in aid to Bangladesh on Wednesday that will go toward economic development, a high-speed railway and other projects. She told reporters she welcomed Abe’s promise that “Japan will stand by Bangladesh,” as her nation seeks to join the developed world by 2041. Bangladesh and Japan also reiterated their agreement to work together against terrorism, Abe added. This week alone, Abe is meeting with leaders of the Philippines, Cambodia, Malaysia, Vietnam, Singapore and Laos in addition to Bangladesh. Promoting trade between Japan and Bangladesh is important for both sides, with Bangladesh importing mostly steel, autos and machinery from Japan, and Japan importing clothing products and jute.

Source: Washington Post May 29, 2019 03:33 UTC