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Economy

Japan to pitch Abenomics in United Arab Emirates

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Japan seeks to forge stronger relations with the United Arab Emirates for stable supplies of crude oil.   © Kyodo

TOKYO -- Seeking to attract investment from the United Arab Emirates, the Japanese government will send a delegation consisting of officials from the economy and finance ministries as well as the Bank of Japan and the Tokyo Stock Exchange.

     The team will pitch Prime Minister Shinzo Abe's economic program, dubbed Abenomics, to encourage investment. It will tour the United Arab Emirates capital of Abu Dhabi March 12-13 and visit such potential investors as Abu Dhabi Investment Authority and Mubadala Development.

     The plan will be made official Wednesday when Abe meets with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan in Japan.

     Experts on each of Abenomics' "three arrows" -- aggressive monetary easing, fiscal stimulus and a strategy for growth -- will join the delegation. Norihiko Ishiguro, vice minister for international affairs at the Ministry of Economy, Trade and Industry, will explain the growth strategy, for example.

     Abu Dhabi is diversifying its investment, which has been focused on the U.S. and Europe. For its part, Japan seeks to forge stronger relations with the United Arab Emirates for stable supplies of crude oil.

(Nikkei)

 

 

 

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