Malaysia should first check yen loan terms, advises economist

Executive director Dr Zakariah Abdul Rashid said MIER was revising downwards Malaysia's economic growth forecast to 4.8%.

KUALA LUMPUR: Malaysia should first look at the terms and conditions (T&C) attached to the securing of yen-denominated loans from Japan to ensure the credit obtained will reduce the government's debt outright, says an economist.

Malaysian Institute of Economic Research executive director Emeritus Prof Zakariah Abdul Rashid said details such as the loan amount and if it would involve certain trading packages that only favoured the Japanese, would be the key elements that Malaysia needed to study thoroughly.