Brazilian President Michel Temer met with Japanese Prime Minister Shinzo Abe on Wednesday (October 19) seeking to lure Japanese investments back home where the country faces deep recession. He said there was “much potential” in investing in the country’s airport, oil and gas sectors.
Temer, making the first visit to Japan by a Brazilian head of state in 11 years, aims to repair ties frayed by his predecessor Dilma Roussef, who twice cancelled official visits to Japan.
Speaking after his meeting with Abe, Temer said there must be a focus on growth and jobs.
“I told his excellency that our priority is to return to growth to create jobs for this generation. We have to follow this priority pragmatically. We have a great macroeconomic responsibility which justifies the course we are taking in Brazil,” he said – a stance which was welcomed by Abe.
“Japan fully supports and welcomes President Temer’s goal of regulatory reform, infrastructure development, and enhancing competition,” Abe added.
Besides the aim of attracting Japanese investment in Brazilian infrastructure, Temer also hopes Japan’s markets will be opened to Brazilian commodities such as fresh beef and fruit.
Japan poured 23.59 billion U.S. dollars in direct investments in Brazil at the end of 2015, according to Japan External Trade Organization.
Temer also met with the Japanese emperor during his three-day visit to Tokyo. — (REUTERS)
