Japan’s strong confidence in Dr M leads to Samurai bonds issue

Malaysia's Prime Minister Mahathir Mohamad exchanges smiles with Japan's Prime Minister Shinzo Abe at the end of their joint news conference at Abe's official residence in Tokyo, Tuesday, Nov. 6, 2018. (Issei Kato/Pool Photo via AP)

KUALA LUMPUR: Japan’s strong confidence in the leadership of Prime Minister Tun Dr Mahathir Mohamad will lead to financial aid packages to Malaysia, including the issue of Samurai bonds, said Japanese Ambassador to Malaysia Dr Makio Miyagawa.

The RM7.4bil yen-denominated bonds expected to be issued before March next year would not only help reduce the high financial burden Malaysia is suffering through its commitments by the previous government but would invite renewed Japanese investors to make a return to Malaysia, he said.