The following is the gist of joint press remarks on Oct. 29 by Prime Minister Shinzo Abe and his Indian counterpart Narendra Modi in Tokyo.

[Bilateral relationship]

Prime Minister Shinzo Abe: Relations between Japan and India have the biggest potential in the world and underpin regional order.

Prime Minister Narendra Modi: The India-Japan relationship is based on the shared commitment to the democratic values and rule of law.

[Security]

Abe, Modi: Japan and India will establish a dialogue between the two countries’ foreign and defense ministers as well as a space dialogue and begin negotiations for concluding an acquisition and cross-servicing agreement.

[North Korea]

Abe: Japan asked for India’s understanding and support for the early resolution of the abduction of Japanese nationals.

Abe, Modi: Japan and India agreed to cooperate in denuclearizing North Korea.

[Yen-denominated loans]

Abe, Modi: Japan and India agreed on a low-interest loan of 316 billion yen for seven infrastructure projects in India, such as building a high-speed railway and bridges.

[Bilateral currency swap]

Abe, Modi: Japan and India reached a basic agreement to conclude a currency swap treaty worth 75 billion dollars to contribute to financial market stability, among others.