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Japan agrees with Mongolia toward boosting investment www.mainichi.jp
TOKYO (Kyodo) -- Japan agreed Saturday with Mongolia to continue close cooperation toward boosting its investment in the landlocked country wedged between China and Russia.
It was confirmed during a meeting in Ulaanbaatar between Foreign Minister Toshimitsu Motegi and Mongolian President Khaltmaa Battulga, who explained about the country's exploration of mineral resources and construction of railway infrastructure, according to Japan's Foreign Ministry.
Motegi asked the president for his cooperation toward the smooth opening of a new international airport in the Mongolian capital, a project financed by Japan's loans. The opening of the airport has been delayed due to the coronavirus pandemic.
The meeting took place a day after Motegi held talks with his Mongolian counterpart Nyamtseren Enkhtaivan, as well as Mongolian Prime Minister Ukhnaa Khurelsukh.
On Friday, Motegi said Japan will extend 25 billion yen ($236 million) in emergency loans to Mongolia to assist its efforts to revitalize the economy battered by the pandemic.
Mongolia, which shares the longest land border with China, is rich in natural resources and has transitioned into a market economy since the 1990s after the fall of the Soviet Union.
Japan views Mongolia as becoming more strategically important, not only economically but also in geopolitical terms.
During the multiple meetings, Motegi also reaffirmed cooperation with Mongolia in resolving the issue of North Korea's abductions of Japanese nationals in the 1970s and 1980s, according to the ministry.
Japan has often looked to Mongolia, a country that maintains close ties with North Korea, to act as a mediator in dealing with the abduction issue.
Published Date:2020-10-12
