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.
Unlike the U.S. or the U.K., it’s not announced plans to reduce its aid so far.
Good on ya, Japan.
But if China has been long since investing and developing trade ties throughout Africa, isn’t it just reliance on China by proxy?
As a side note, 100% understand it’s a big, diverse continent.
No, they’re competing with China.
It’s still less reliant than directly trading with China. Also, the title could be interpreted as Japan reducing Africa’s reliance on China. I doubt that though.
