ASEAN, Japan inks economic cooperation deals

Another pact calls for a Japanese Government-affiliated trade insurance organisations and MUFG Bank to provide investment and loans for decarbonisation efforts by ASEAN members.

Japanese Minister of Economy, Trade and Industry Nishimura Yasutoshi said ASEAN is showing remarkable growth while Japan possesses advanced technology. Using the strengths of both to jointly create a future based on trust is the direction they should aim for.

The 10-member ASEAN accounts for more than 8% of global trade and population. The Japanese Government is planning to invite leaders of the regional bloc to a special summit this December to further cement relations./.