Key facts
- Japan to arrange $6.35 billion in private investment for Bangladesh.
- Investment to be spread over the next five years.
Japan is set to arrange 1 trillion yen ($6.35 billion) in private-sector investment for Bangladesh over the next five years, according to a report on Thursday. The move is part of an effort to reduce China's influence in the region, with the auto and energy sectors expected to be key areas of investment. Japanese Prime Minister Sanae Takaichi is scheduled to host Bangladeshi Prime Minister Tarique Rahman at an upcoming summit meeting in Japan.