Friday, March 30, 2007

Yen loan

Friday March 30, 9:35 PM
India tops other nations as recipient of Japan's FY 2006 yen loans
(Kyodo) _ Japan provided India a total of 184.8 billion yen in credit in fiscal 2006, making India the biggest recipient of Japanese official development assistance in the form of low-interest loans, the Foreign Ministry said Friday.

India was followed by Indonesia, Vietnam and Iraq, as large recipients of yen loans on a contract basis in fiscal 2006 ending Saturday.kyodo

Interesting, in that it shows the strategy of Japan.

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