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

submitted 2 months ago by Domino@lemmings.world to c/world@quokk.au

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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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[–] catloaf@lemm.ee 5 points 2 months ago

No, they're competing with China.