Tokyo revised on May 24 the strategy on infrastructure export to emerging markets for the first time since it was established a year ago. The plan expands the targets from Asia to other regions and increases aimed investment value for the next five years to 20 trillion yen from ten. The administration will focus on “export of high-quality infrastructure technologies,” according to the plan announced earlier on the day by Prime Minister Shinzo Abe.
The government will assist private sector hoping to expand their businesses overseas by funding through Japan International Cooperation Agency. The process of yen loan contracts will be shortened from the current five years to 18 months at shortest. As it considers Africa as a new targeted region, the government will launch euro-based financing as well. (2016/05/24)