Japan will provide financial support to China's Belt and Road Initiative

Japan's Nihon Keizai Shimbun reported on Wednesday that the Japanese government plans to work together with China on the Belt and Road Initiative to provide financial support for the alliance of private enterprises with a view to improving bilateral relations.

According to the report, according to the guidelines formulated by the government, cooperation projects will focus on environmental protection, industrial modernization and logistics.

Japan adopted a cautious stance on the Belt and Road in the past, but it has shown signs of recovery in the near future.

Kyodo news agency quoted Prime Minister Shinzo Abe's talk this week at a meeting of Chinese and Japanese business executives as saying that he believes "Japan will carry out good cooperation with China."