Japan supports the development of mutually beneficial cooperation with Russia

Tokyo seeks mutually beneficial economic cooperation with Russia to help solve Russian national problems and expand opportunities for Japanese business, Minister of Economy, Trade and Industry of Japan Hiroshi Kajiyama told.


“Through economic cooperation between the two countries, we would like to contribute to the improvement of the lives of Russian citizens and the further development of the Russian economy in a joint approach to Russia’s national objectives”, –  said the minister responsible for economic relations between our two countries.

According to him, the “eight-point cooperation plan” proposed by Japanese Prime Minister Shinzo Abe to Russian President Vladimir Putin in Sochi in May 2016 covers areas, many of which coincide with the “twelve national projects” initiated by the Russian leader.
“At the same time, for Japanese entrepreneurs, the ‘cooperation plan’ offers a chance to promote new business in the Russian market with high potential”, –  said Minister Kajiyama.

“Mutually beneficial cooperation has been established between the two sides, and this means a contribution to solving Russian national problems and expanding opportunities for Japanese business in Russia. As the minister responsible for cooperation with Russia in the economic sphere, I would like to further accelerate this process”, –  Kajiyama promised.

To date, he confirmed, over 200 private projects have been established and more than half of them have “started concrete work”.

“I think it’s “mutual benefit” – is what is the key to Japanese-Russian cooperation”, –  the Minister stressed.

He sees the areas of increasing productivity and diversifying production as important areas that are included in Russia’s “twelve national projects”.

“We are making efforts to increase productivity at Russian enterprises by sending Japanese specialists and hosting Russian interns in Japan. This cooperation also leads to business expansion between both sides, including creating new suppliers for Japanese entrepreneurs moving into Russia”, –  said Kajiyama.