Japan PM to offer 5B yen in loans in talks with Duterte

Japan PM to offer 5B yen in loans in talks with Duterte

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File photo: President Rodrigo Duterte and Japanese Prime Minister Shinzo Abe meet on the sidelines of the ASEAN Summit in Vientiane, Laos on September 6. KING RODRIGUEZ/PPD

TOKYO, October 24, 2016 (PNA/Kyodo) — Prime Minister Shinzo Abe is looking to offer 5 billion yen (US$48.2 million) in loans when he meets with President Rodrigo Duterte next week, bilateral diplomatic sources said Saturday.

The financial support is aimed at helping facilitate agricultural development in Mindanao, according to the sources.

The deal will come after Duterte’s four-day visit to China this week underlined the Philippines’ diplomatic shift to move closer to Beijing and away from Washington. (PNA/Kyodo)




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