The leaders of Malaysia and Japan agreed Tuesday that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its large government debt. Japanese Prime Minister Shinzo Abe said Japan also will provide loans to help Malaysia in
The leaders of Malaysia and Japan agreed Tuesday that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its large government debt.
Japanese Prime Minister Shinzo Abe said Japan also will provide loans to help Malaysia in areas such as education, transportation and people exchanges.
Malaysian Prime Minister Mahathir Mohamad, 93, who has long advocated learning from Japan’s postwar economic growth, resumed the country’s leadership in May and is tackling debt problems left behind by his predecessor.
“I have so much respect for Prime Minister Mahathir’s vigorous effort to build a country of fairness by once again bearing a heavy responsibility as leader,” Abe told a joint news conference.
