Japan’s Finance Minister Shunichi Suzuki to visit Sri Lanka in Jan.

Japanese Finance Minister Shunichi Suzuki said Tuesday he will visit Sri Lanka and Cambodia on a four-day tour from Jan. 09 to strengthen Japan’s relations with the two Asian countries.

In Sri Lanka, which is virtually in default, Suzuki is expected to meet with Sri Lankan President Ranil Wickremesinghe to discuss debt restructuring for the country.

In November, Sri Lanka and a group of creditors led by Japan and others reached a basic agreement on deferring debt repayments and cutting interest rates.

“It’s important for the debt-restructuring process to make steady progress,” Suzuki told a press conference.

In Cambodia, the finance minister will work for closer bilateral ties, with the two countries this year marking the 70th anniversary of the establishment of diplomatic relations.

Source: Jiji