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.

  • JizzmasterD@lemmy.ca
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    4 days ago

    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.

    • JillyB@beehaw.org
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      4 days ago

      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.