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Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 28 2011 at 6:53 PM

WAFFer  (Login AryanArya)
Satyameva Jayate (India)


http://mdn.mainichi.jp/mdnnews/news/20111228p2g00m0dm010000c.html

Noda arrives in India for 3-day visit, vows stronger cooperation


TOKYO (Kyodo) -- Japanese Prime Minister Yoshihiko Noda arrived in New Delhi on Tuesday afternoon to reinforce relations between Japan and India against the backdrop of the South Asian country's rapid economic growth.

Noda is expected to discuss with Indian Prime Minister Manmohan Singh on Wednesday how to boost trade and investment based on a free trade agreement between the two countries that came into force in August.

After his arrival, Noda met with Japanese and Indian business people and said, "As the two biggest democracies in Asia, (Japan and India) will strengthen cooperation in a wide range of areas including politics, security and economy."

The two leaders aim to sign a joint statement to confirm bilateral cooperation in various fields such as politics and security since Japan and India will mark the 60th anniversary of the establishment of diplomatic ties next year.

Prior to his departure for the trip through Thursday, Noda told reporters, "I will especially exchange views on cooperation in the field of infrastructure building in India."

The Press Trust of India reported Tuesday that India is likely during Noda's visit to seek Japanese cooperation for introducing a high-speed train capable of traveling up to 300 kilometers per hour.

India's Ministry of Railways said early this month it has selected a Japanese-led consortium to conduct a prefeasibility study for one of its six proposed high-speed rail corridors across the country.

The last visit by a Japanese prime minister to India came in December 2009, when Yukio Hatoyama traveled to the country. Singh made a trip to Japan in October last year.

(Mainichi Japan) December 28, 2011



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AryanArya
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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 28 2011, 6:54 PM 

http://presstv.com/detail/218210.html

Japan, India sign currency swap deal

Wed Dec 28, 2011 6:4PM GMT

Japanese Prime Minister Yoshihiko Noda has signed a 15-billion-dollar currency swap agreement with India to shore up Indian rupees.

"I am convinced we need to strengthen the economic partnership," Noda said during his visit to New Delhi on Wednesday.

"Japan and India will expand their currency swap from a current USD3 billion to USD15 billion," the Japanese premier announced.

Indian Prime Minister Manmohan Singh said he was "extremely happy" with the outcome of his talks with Noda.

Under the currency swap, Tokyo could lend New Delhi dollars to defend the ailing rupee. The deal is an expansion of a USD3 billion accord that expired earlier this year.

With USD1.2 trillion in foreign currency reserves, Japan has been moving to enhance its global financial role and struck a similar swap deal with South Korea in October.

The currency agreement is an extra weapon for India, which has USD300 billion in reserves, to use for propping up the rupee.

The rupee has slid 15 percent against the dollar this year as overseas investors have withdrawn funds as they hunt for safe havens in the midst of the global financial turmoil.



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Krinvanto Vishwam Aryam
(Make this World Noble)

- Rigveda


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AryanArya
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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 28 2011, 6:56 PM 

Chinese view of the visit


http://www.chinadaily.com.cn/usa/world/2011-12/28/content_14342408.htm

Noda's India tour part of strategy to build alliances

2011-12-28 08:27
By Cheng Guangjin (China Daily)


BEIJING - Japanese Prime Minister Yoshihiko Noda left Beijing for New Delhi on Tuesday to kick off a three-day visit to India, where he will attend the sixth annual India-Japan summit.

Boosting ties with India is part of Japan's strategy of strengthening alliances with Asia-Pacific nations with an eye on China, analysts said.

Noda's recent visit to Beijing was aimed at improving ties that were jeopardized by a maritime incident in which a Chinese trawler collided with a Japanese coast guard vessel in September 2010.

The India-Japan summit is a continuance of Japan's "Arc of Freedom and Prosperity" strategy, which has been widely interpreted as an effort to contain China, said Lu Yaodong, director of the department of Japanese diplomacy at the Institute of Japanese Studies of the Chinese Academy of Social Sciences.

Noda and India's Prime Minister Manmohan Singh are expected to sign a dollar swap accord worth up to $10 billion on Wednesday, under which Tokyo would provide capital when the rupee lunges against the US currency, according to the AFP.

The Times of India said India will raise the issue of nuclear cooperation with Japan during the prime ministers' meeting on Wednesday. India held three rounds of negotiations with Japan on civil nuclear cooperation, but the effort was suspended after Japan's nuclear crisis at Fukushima in March.

Shortly before Noda left Tokyo, he said he hoped to talk about beefing up Japan's ties with the rising Asian economic power, ahead of next year's 60th anniversary of bilateral ties, according to AFP.

"With Prime Minister Singh, I would like to discuss political, security, economic and human exchange, particularly Japan's readiness to help infrastructure projects in India," Noda told reporters.

"Japan and India have comprehensively boosted regional cooperation in recent years, not only in security but also in economic ties. And the cooperation has been moving from bilateral to multilateral, trying to include the United States, Australia and India in its 'Arc of Freedom and Prosperity'," Lu told China Daily.

The "Arc of Freedom and Prosperity" is a pillar of Japan's diplomacy initiated in 2007 by former foreign affairs minister Taro Aso. It has been interpreted as an effort to make allies to contain the rise of China in the Asia-Pacific region.

According to AFP, Noda's predecessor Naoto Kan met Singh in October 2010 and stressed the warm ties between their nations at a time of diplomatic tension between Japan and China.

Noda's visit to India comes after the first round of talks in Washington last week between the US, India and Japan, and an India-Japan defense ministers' meeting in Tokyo in November.

Takenori Horimoto, a professor of contemporary South Asian politics at Shobi University, said that there has been a renaissance in Japan-India relations since the 1990s, following their non-alignment during the Cold War.

With New Delhi's post-Cold War economic liberalization policies, India has become a new market for Japan, according to Horimoto.

"Meanwhile, the rise of China has meant that both Japan and India have increasingly eyed each other as potential strategic partners in the last five years," he said.

Difficulties in the US domestic economy have made it rely more on its Asian alliances to boost its presence in the Asia-Pacific region, after the withdrawal of its troops from Iraq and its gradual withdrawal from Afghanistan, analysts said.

China Daily


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Krinvanto Vishwam Aryam
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- Rigveda


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AryanArya
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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 29 2011, 4:01 AM 

http://www.chinadaily.com.cn/cndy/2011-12/29/content_14347230.htm

China welcomes Japan-India ties

2011-12-29 08:00
By Cheng Guangjin (China Daily)


BEIJING - China welcomes mutual visits between India and Japan and wants to "actively develop" relations with both countries, Foreign Ministry spokesman Hong Lei said on Wednesday as Japanese Prime Minister Yoshihiko Noda continued his state visit to India.

China's reaction to Noda's trip to India, which followed his two-day visit to Beijing, has been watched closely.
Hong said at a regular news conference that, during Noda's visit, China and Japan reached an important consensus on promoting a mutually beneficial strategic partnership.

"Both China and Japan think peaceful coexistence, mutually beneficial cooperation and common development are in the interests of the people of the two countries, and the peace, stability and development of the region," Hong said.

He said Sino-Indian relations had maintained a good development momentum.

"We think China and India should maintain political mutual trust, coordination and cooperation in economic, trade and international affairs," he said.

"China is willing to actively develop bilateral relations with Japan and India. We welcome the mutual state visits between Japan and India and their peaceful efforts in promoting regional development," Hong said.

Noda's visit to India came shortly after the first round of talks in Washington last week between the United States, India and Japan, and an India-Japan defense ministers' meeting in Tokyo in November.
Zhou Yongsheng, a professor of Japanese studies at China Foreign Affairs University, said since Noda assumed office, Japan's policies on counterbalancing China have become more apparent, and his visit to India to make their ties closer is one of these measures.

Noda's cabinet has "formed a strategy of containing China by shaping an arc from Northeast Asia to Southeast Asia, with the US as a backup force", Zhou said.

The Press Trust of India reported that Noda said at a luncheon meeting that, besides regional cooperation, India and Japan are forging ahead with cooperation on political, security and economic issues.

According to the Indian newspaper The Statesman, in the meeting between Noda and his Indian counterpart Manmohan Singh later in the day, the situation in the Democratic People's Republic of Korea and nuclear cooperation between India and Japan would be discussed.

In an article published in Japan's major English-language newspaper The Japan Times, Professor Brahma Chellaney from the Center for Policy Research in New Delhi said Japan and India need to establish close naval cooperation as the balance of power in Asia will be determined by events principally in East Asia and the Indian Ocean.

Lu Yaodong, director of the department of Japanese diplomacy at the Institute of Japanese Studies of the Chinese Academy of Social Sciences, said Japan has claimed its efforts in building alliances are to "tackle the uncertainty of the rise of regional power, which actually means China".

"China has a clear policy of good-neighborliness and harmony in Asia," Lu said.
Japan's efforts to enhance alliances with regional countries are unreasonable and unnecessary, and could lead to instability in the region, he said.

India and Japan have agreed to a $15 billion currency swap line, a Japanese official in Delhi said on Wednesday, in a positive move for the troubled Indian rupee.

The two countries previously had a $3 billion swap arrangement that expired in June, said the official, speaking on condition of anonymity.

China Daily

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Krinvanto Vishwam Aryam
(Make this World Noble)

- Rigveda


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Hawkssss
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Elite WAFF Vet Club

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 29 2011, 5:11 AM 

Don't all these just make the indians feel soo Goooooodddd.....lol

them indians...l1o1l11o1l

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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 29 2011, 6:33 AM 

^lol waiting 4 rest.
B2t: what exactly is currency swap?

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यदा यदा हि धरà¥à¤®à¤¸à¥à¤¯ à¤à¥à¤²à¤¾à¤¨à¤¿à¤°à¥à¤­à¤µà¤¤à¤¿ भारत ।
à¤à¤­à¥à¤¯à¥à¤¤à¥à¤¥à¤¾à¤¨à¤ à¤à¤§à¤°à¥à¤®à¤¸à¥à¤¯ तदातà¥à¤®à¤¾à¤¨à¤ सà¥à¤à¤¾à¤¨à¥à¤¯à¤¹à¤® ॥

परितà¥à¤°à¤¾à¤£à¤¾à¤¯ साधà¥à¤¨à¤¾à¤ विनाशाय ठदà¥à¤·à¥à¤à¥à¤¤à¤¾à¤® ।
धरà¥à¤® सà¤à¤¸à¥à¤¥à¤¾à¤ªà¤¨à¤¾à¤°à¥à¤¥à¤¾à¤¯ समà¥à¤­à¤µà¤¾à¤¨à¤¿ यà¥à¤à¥ यà¥à¤à¥ ॥


 
 

AryanArya
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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 29 2011, 3:20 PM 


\\ what exactly is currency swap? \\


http://www.investopedia.com/terms/c/currencyswap.asp#axzz1hwAQ3rL8


Definition of 'Currency Swap'

A swap that involves the exchange of principal and interest in one currency for the same in another currency. It is considered to be a foreign exchange transaction and is not required by law to be shown on a company's balance sheet.

For example, suppose a U.S.-based company needs to acquire Swiss francs and a Swiss-based company needs to acquire U.S. dollars. These two companies could arrange to swap currencies by establishing an interest rate, an agreed upon amount and a common maturity date for the exchange. Currency swap maturities are negotiable for at least 10 years, making them a very flexible method of foreign exchange.

Currency swaps were originally done to get around exchange controls.



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Krinvanto Vishwam Aryam
(Make this World Noble)

- Rigveda


-------------------------------------------
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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 29 2011, 5:43 PM 

^ so japan will swap indian rupee with equivalent amount of $. But what they will do with it!! Also do we need to return after a time period.?

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यदा यदा हि धरà¥à¤®à¤¸à¥à¤¯ à¤à¥à¤²à¤¾à¤¨à¤¿à¤°à¥à¤­à¤µà¤¤à¤¿ भारत ।
à¤à¤­à¥à¤¯à¥à¤¤à¥à¤¥à¤¾à¤¨à¤ à¤à¤§à¤°à¥à¤®à¤¸à¥à¤¯ तदातà¥à¤®à¤¾à¤¨à¤ सà¥à¤à¤¾à¤¨à¥à¤¯à¤¹à¤® ॥

परितà¥à¤°à¤¾à¤£à¤¾à¤¯ साधà¥à¤¨à¤¾à¤ विनाशाय ठदà¥à¤·à¥à¤à¥à¤¤à¤¾à¤® ।
धरà¥à¤® सà¤à¤¸à¥à¤¥à¤¾à¤ªà¤¨à¤¾à¤°à¥à¤¥à¤¾à¤¯ समà¥à¤­à¤µà¤¾à¤¨à¤¿ यà¥à¤à¥ यà¥à¤à¥ ॥


 
 

AryanArya
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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 29 2011, 9:36 PM 

For India, the currency swap will be helpful in providing stability to the Rupee.On the other hand Japan will have another avenue of using its trillion plus currency reserves to bloster its presence in international finance and forge closer trade relations with India.Japan has bilateral swap deals with South Korea, Asean and China as well.



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Krinvanto Vishwam Aryam
(Make this World Noble)

- Rigveda


-------------------------------------------
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DAK
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Shaheens (Pakistan)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 29 2011, 10:39 PM 

This swap will help Japan to penetrate more in Indian market. Means more Japanese goods in Indian market.

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Satyameva Jayate (India)

Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

December 30 2011, 6:09 AM 

^ haider@ is the pic of lame duck kiyani a part of ur signature? Plz say no.

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यदा यदा हि धरà¥à¤®à¤¸à¥à¤¯ à¤à¥à¤²à¤¾à¤¨à¤¿à¤°à¥à¤­à¤µà¤¤à¤¿ भारत ।
à¤à¤­à¥à¤¯à¥à¤¤à¥à¤¥à¤¾à¤¨à¤ à¤à¤§à¤°à¥à¤®à¤¸à¥à¤¯ तदातà¥à¤®à¤¾à¤¨à¤ सà¥à¤à¤¾à¤¨à¥à¤¯à¤¹à¤® ॥

परितà¥à¤°à¤¾à¤£à¤¾à¤¯ साधà¥à¤¨à¤¾à¤ विनाशाय ठदà¥à¤·à¥à¤à¥à¤¤à¤¾à¤® ।
धरà¥à¤® सà¤à¤¸à¥à¤¥à¤¾à¤ªà¤¨à¤¾à¤°à¥à¤¥à¤¾à¤¯ समà¥à¤­à¤µà¤¾à¤¨à¤¿ यà¥à¤à¥ यà¥à¤à¥ ॥


 
 

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Re: Japanese PM arrives in India for 3-day visit, vows stronger cooperation

January 1 2012, 7:37 PM 

edited

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