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Economy

Japan to help channel capital into Southeast Asia Inc.

Government-backed funds to support cross-border business tie-ups

The Kuala Lumpur skyline: Japan hopes to tap into the region's growth potential through the METI initiative.   © Reuters

TOKYO -- Japan's economic ministry plans to act as a matchmaker that will bring promising Southeast Asian companies together with Japanese capital to fuel growth.

Under the framework, Japanese companies will enter into capital and operational tie-ups with Asian partners, with government-backed funds injecting growth capital. The initiative is set to form a central piece of the growth strategy the Ministry of Economy, Trade and Industry will craft next year.

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