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Japan's New Leader Should Maintain Security Policy in Order to Meet Enduring Threats


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Chief Cabinet Secretary Yoshihide Suga assumed the mantle of Japanese prime minister amidst growing regional security threats, continuing COVID-19 effects on public health and the economy, a critical financial situation, and lingering structural economic problems. Given the extent of these challenges, one wonders whether to offer Suga condolences rather than congratulations.
Suga’s predecessor, Shinzo Abe, implemented a visionary foreign policy, strengthened Japan’s alliance with the United States, and undertook an increasingly firm security stance against Chinese and North Korean threats. Suga will continue Abe’s policies, but may do so with less enthusiasm for expanding Japan’s regional and global security role. Suga vowed to continue the “Abenomics” strategy to stimulate the economy, but he will have to adapt to undo the dire economic impact of the COVID-19 pandemic. ....

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African Export-Import Bank (via Public) / MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank


MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank
London, Cairo, 14 December 2020 - MUFG and African Export-Import Bank (Afreximbank) have closed a ground-breaking $520 million facility, the first to be covered by Nippon Export and Investment Insurance (NEXI). NEXI s proactive support for this facility was agreed on the basis of Afreximbank being a strategic partner, participation from Japanese investors, and the deal contributing to the UN s Sustainable Development Goals (SDGs).
MUFG was the sole Mandated Lead Arranger, Bookrunner, Agent and NEXI Coordinator on the transaction, with the documentation closing on 3 December 2020. The facility fully aligns with Afreximbank s strategic priorities in the area of intra and extra African trade and investment, export manufacturing, as well as industrialisation. These objectives find common ground with NEXI s objectives of supporting sustainable African growth and development in line with TICAD ....

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