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Japan seeks to grow Africa investments to ease reliance on China (www.japantimes.co.jp)

submitted 1 week ago by [email protected] to c/[email protected]

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Japan is supporting its companies to grow their business in Africa and develop trade ties across a continent where it’s mainly been seen as a key donor.

The second-biggest Asian economy’s emergence from a three-decade period of deflation has boosted its private sector’s risk appetite, Takehiko Matsuo, vice-minister for International Affairs at the Ministry of Economy, Trade and Industry said in Abidjan, the commercial hub of Ivory Coast.

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[–] [email protected] 5 points 1 week ago

No, they're competing with China.