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Abe to sign multiple memoranda with Putin on economic cooperation

Nikkei reported on Prime Minister Abe’s summit with Russian President Putin scheduled for tomorrow in Moscow, predicting that the two leaders will conclude some 20 memoranda on bilateral economic cooperation, including one regarding the use of advanced Japanese information technology to address traffic congestion in Russia and another on a business tie-up between Mitsui & Co. and a major Russian pharmaceutical company. The daily said the Japanese leader hopes to achieve a breakthrough on the Northern Territories dispute by expanding Japan’s corporate presence in urban development, medicine, and other sectors in Russia.


In a related story, Asahi speculated that while in Moscow, the premier will be forced to walk a tightrope because although he wants to deepen his bonds with the Russian leader to obtain concessions on the territorial front and elicit Moscow’s cooperation to defuse the tensions in North Korea, further rapprochement with Putin may displease the U.S., which is increasingly at odds with Russia over Syria and Ukraine.

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