Japan's prime minister in India on economic mission

Last Updated: Wed, 28 Dec 2011 04:41:00 +1100

Japan's Prime Minister Yoshihiko Noda is in New Delhi on a visit that is expected to unveil a currency swap deal and reopen talks on a civil nuclear pact.

Unlike his recent visit to China where the main talking points were geopolitical, Mr Noda's visit to India will be heavy on business.

Mr Noda and his Indian counterpart Manmohan Singh are expected to sign a dollar-swap accord worth up to 10 billion dollars which would allow Tokyo to provide capital when the rupee falls against the US unit.

They will also discuss a Japanese loan for a mega project to build a freight railway between New Delhi and Mumbai and a key deal on civilian nuclear cooperation.

Source: http://www.radioaustralianews.net.au/stories/201112/3398706.htm?desktop

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