Issue of January 15, 2017
     
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OPINION
 

2016
Panagbenga Flower Festival
 
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Japan to infuse ¥1 trillion to boost PH development
by PIA release

Japan will help support the creation of business opportunities in the Philippines, announced a top Japanese government official.

The support, estimated to cost ¥1 trillion for over the next five years, will include a Japanese Official Development Assistance and private investments for the Philippines, Japanese Press Secretary Yasuhisa Kawamura said.

Kawamura, who  was in the country with Prime Minister Shinzo Abe, spoke at a press briefing in Malacañan on Thursday, Jan. 12. 

Kawamura said to realize this, Japan will establish a joint committee on economic cooperation and infrastructure and would also send experts to the National Economic Development Authority.

He also said Japan will contribute to infrastructure development in the Philippines in transportation and electric generation by taking advantage of Japanese technology.

Kawamura said Japan will spur the development of Davao City and the conflict affected areas in the country through support in irrigation, road construction, power generation and education. 

To strengthen the security of the country and its anti-terrorism efforts, Japan will also provide security related equipment.

In the area of maritime security and defense, Japan will support through capacity building, equipment and training exercises.

Kawamura also expressed Abe’s desire to cooperate proactively on the issues of the region together with the Philippines as the chair of ASEAN.

“The ASEAN’s solidarity and centrality should be strengthened and it is important to develop ASEAN as an open community,” said Kawamura.

On the South China Sea issue, Kawamura underscored the importance of the rule of law and its peaceful resolution.

The Japan Prime Minister with his wife and delegates arrived in the country for a two-day official  visit.

Abe and Pres. Rodrigo Duterte also attended a ceremony to name an endangered Philippine eagle Sakura, or cherry blossom, in Abe’s honor.


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