Japan lenders positive on extending yen credit to Malaysia

The Japanese package would be a truly holistic one with the best HSR technology via the first invented and world-renowned high-speed railway system, the Shinkansen, plus total transfer of technology and local vendor development to greatly benefit Malaysian and Singaporean companies, including small and medium enterprises, said Japanese ambassador to Malaysia, Makio Miyagawa.(filepic)

PUTRAJAYA: Several Japanese banking institutions are responsive towards extending yen credit in the form of soft loans to Malaysia, according to Japanese Ambassador to Malaysia Dr Makio Miyagawa.

He said the Japanese premier sent a “clear cut” note that the government and private sector should consider the request by Prime Minister Tun Dr Mahathir Mohamad to his Japanese counterpart Shinzo Abe during his visit to Japan last week.