India, Japan sign $75 billion currency swap agreement

China's Premier Li Keqiang shakes hands with Japan's Prime Minister Shinzo Abe at the start of their bilateral talks in Tokyo

China's Premier Li Keqiang shakes hands with Japan's Prime Minister Shinzo Abe at the start of their bilateral talks in Tokyo

Prime Minister Shinzo Abe kicked off two days of summit diplomacy with Indian counterpart Narendra Modi on Sunday, first inviting his guest to Yamanashi Prefecture, where Abe has his holiday home.

"The two leaders reaffirmed their shared commitment to the total elimination of nuclear weapons and remained resolute in the task of strengthening global cooperation to address the challenges of nuclear proliferation and nuclear terrorism", the vision statement read. Just $5 a month. Besides, India and Japan also chose to cooperate for the first time in Yoga and Ayurveda to provide holistic healthcare in both countries. The two leaders are set to hold a summit meeting at the office of the prime minister in Tokyo on Monday.

The Indian prime minister arrived in Japan earlier in the day.

Till now, the 2+2 dialogue between India and Japan was held at the vice-ministerial level. Both sides are thought to be seeking a rapid conclusion of the ACSA negotiations in order to ease logistics for a number of joint Indo-Japanese military exercises scheduled for 2019 and 2020.

"Recognizing that enhanced exchanges in expanding maritime domain awareness (MDA) in the Indo-Pacific region contributes to regional peace and stability, they welcomed the signing of the Implementing Arrangement for deeper cooperation between the Indian Navy and the Japan Maritime Self-Defense Force (JMSDF)", the statement reads.

During the joint statement, PM Modi said that India and Japan "agree that from digital partnership to cyberspace, health, defence, ocean to space, in every field we will strengthen our partnership".

US President Donald Trump's policies, which have targeted mostly China with tariffs, but also Japan and other nations, accusing them of unfair trade practices, are working to prod India and Japan to promote their economic ties.

The two leaders have made reciprocal visits since 2014.

"He met President Xi Jinping at a time when China and the United States are in confrontation, and he is now meeting Modi to seal cooperation among Japan, India and the U.S. on a free and open Indo-Pacific, against China", Kawakami told AFP. "There are no negatives, but only opportunities in this relationship, which are waiting to be seized". On September 6, Foreign Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman held the first edition of the "2+2" dialogue with their USA counterparts Michael Pompeo and James Mattis in New Delhi. Japan is funding 80% of the Mumbai-Ahmedabad bullet train project through a soft loan of Rs 79,000 crore at an interest rate of 0.1%, with a tenure stretching over 50 years and a moratorium period of 15 years.

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