Japan's Prime Minister Shinzo Abe meets with Brazil's President Dilma Rousseff. (Google Images)
Japan’s Prime Minister Shinzo Abe meets with Brazil’s President Dilma Rousseff. (Google Images)

Bloomberg is reporting that the country of Japan is attempting to recover its influence in the country of Brazil.

Juan Pable Spinetto of Bloomberg reports:

“In the 1950s, Japan helped Brazil establish industries such as steelmaking and initiated key purchases of Brazilian iron ore. Now the Asian nation is seeking to regain influence in Latin America’s largest economy, where China is the No. 1 trading partner.

Japan has signed deals from energy to food and health care during Prime Minister Shinzo Abe’s visit to the country, the first by a Japanese leader in a decade. Abe wants to strengthen ties with Brazil, where about 1.6 million people of Japanese descent live, as he urges his country’s companies to seek more business outside their domestic market.

Top representatives from Toyota Motor Corp., Nippon Steel & Sumitomo Metal Corp. and Sumitomo Mitsui Financial Group Inc. were among the business people accompanying Abe in Brasilia and Sao Paulo, the last destinations of a nine-day tour through Latin American and the Caribbean.”

Korean and Chinese companies are the top producers of electronics in the country. Japan is the sixth leading investor in the nation, which is down from third between 1950 and 1985. Brazil’s infrastructure related industries and general safety are huge attractions for investors.

Read more at Bloomberg.

Like The Burton Wire on Facebook. Follow us on Twitter @TheBurtonWire.

Previous article‘Get On Up’ Box-Office Returns: The Controversial Biopic Delivers
Next articleTech Racism?: App to Avoid Black Neighborhoods Launches Today
TheBurtonWire.com is the premiere online destination for people who think for themselves. This blog offers news from the African Diaspora, culture that is produced by often overlooked populations and opinion that is informed and based on fact. Tired of the onslaught of websites and talking heads that regurgitate what people want to hear, TheBurtonWire.com is a publication that elevates news and perspectives that people need to hear. TheBurtonWire.com is for individual thinkers who understand that they are part of a larger collective. What is this collective? Free thinking people that care about the world, who will not be categorized or boxed in by society or culture and are interested in issues and topics that defy stereotypes and conventional wisdom.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.