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

submitted 1 week ago by Domino 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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[–] some_guy@lemmy.sdf.org 5 points 1 week ago

Unlike the U.S. or the U.K., it’s not announced plans to reduce its aid so far.

Good on ya, Japan.