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Poised for PartnershipDeepening India-Japan Relations in the Asian Century$
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Rohan Mukherjee and Anthony Yazaki

Print publication date: 2016

Print ISBN-13: 9780199466481

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780199466481.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 January 2022

Japan’s Economic Recovery and Growing Economic Relations with India

Japan’s Economic Recovery and Growing Economic Relations with India

Chapter:
(p.35) 1 Japan’s Economic Recovery and Growing Economic Relations with India
Source:
Poised for Partnership
Author(s):

Shujiro Urata

Mitsuyo Ando

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199466481.003.0002

The Japanese economy is faced with structural problems such as a declining and ageing population and a closed market, making it difficult to achieve growth. By contrast, the Indian economy is registering high growth, but it has the potential to achieve even higher growth by overcoming problems such as poor infrastructure. Given the complementary relationship between the two countries in terms of their levels of economic development, natural resource endowments, and sectoral specializations, both Japan and India can benefit substantially by expanding their economic relations—which have been very limited—through foreign trade, foreign direct investment, and economic cooperation. To achieve these objectives, Japan and India have to have close collaboration and cooperation at government as well as private sector levels. They should use existing frameworks such as the Japan-India Comprehensive Economic Partnership Agreement and Japan-India Business Leaders Forum in addition to other official and private dialogues and cooperation programs.

Keywords:   ageing population, infrastructure, Japan-India Comprehensive Economic Partnership Agreement, foreign trade, foreign direct investment, international production networks, economic cooperation, business leaders

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