Japanese Prime Minister Shinzo Abe said yesterday that his country needs to look more towards Latin America to take better advantage of increasing trade flows.
Abe, speaking to reporters in Sao Paulo where he is meeting Brazilian business leaders, said his visit to five different countries in Latin America in recent days was laying the groundwork for more cooperation and trade. Japanese banks extended $700 million in loans to different Brazilian projects during his visit.
He said the end of 15 years of deflation in Japan opened significant room to expand trade and investment with Brazil, Mexico, Chile and other countries. Abe wants to speed up discussions with Colombia too as part of efforts to boost trade with Latin America’s Pacific Ocean countries.
