Cross-investment between India and Japan has been relatively small so far, but with both countries getting economic reboots via Abenomics and Modinomics, that may be about to change, Nomura said.
“Much of what India needs, Japan can offer,” Nomura said in a report dated Wednesday. “We see a growing symbiotic relationship between India and Japan as both countries share large comparative advantages and are embarking upon significant market-opening reforms under Abenomics and Modinomics.”
Prime Minister Shinzo Abe’s plan to kickstart Japan’s long-moribund economy out of deflation, dubbed Abenomics, is a series of monetary and fiscal stimulus and long-term structural reforms.
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