Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it is time for the two nations to expand their trade and investment partnership.
On the first visit to Brazil in a decade by a Japanese prime minister, Japanese banks extended $700 million in loans to boost Brazilian soy and corn exports to Japan and help finance oil platform construction for Brazil's growing offshore oil industry.
Abe told Brazilian business leaders that Japan has closed a 15-year deflation cycle since his stimulus began to kick in and there is great potential to expand trade and investment with Latin America's biggest economy.