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Japan, RF to set up direct investments encouraging fund-Nikkei

April 17, 2013, 6:44 UTC+3
The Fund is expected to attract capital investments to new promising sectors such as health care, food industry, agriculture, and urban infrastructure
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Photo ITAR-TASS

Photo ITAR-TASS

TOKYO, April 17 (Itar-Tass) - It is expected that a fund to encourage direct private Japanese investments in the Russian economy will be established during Japanese Premier Shinzo Abe's visit to Moscow at the end of the current month, the business daily Nikkei reports on Wednesday.

According to data from the paper's government source, co-founders of the Fund will be Japan's National Bank for International Cooperation, the Russian Vneshekonombank, and the Russian Fund for Direct Investments (RFPI). The contemplated Fund's resources may amount to $1 billion.

The Fund is expected to attract capital investments to new promising sectors such as health care, food industry, agriculture, and urban infrastructure. It is precisely these areas that the Japanese government regards as most important from the viewpoint of the long-term economic development strategy.

Premier Shinzo Abe, during his first visit to Moscow in the past ten years, will be accompanied by the largest-ever national business leaders' delegation consisting of 50-60 members. The visit is due to be made from April 28 to 30.

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