The Government of Japan has committed Official Development Assistance loan of 30 billion Japanese Yen which is approximately Rs 2113 crore rupees for a programme loan to support India’s efforts at providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic.
India and Japan have had a long and fruitful history of bilateral development cooperation since 1958. In the last few years, the economic cooperation between India and Japan has strengthened and grown into a strategic partnership.
Important takeaways for all competitive exams:
- Japan Capital: Tokyo.
- Japan Currency: Japanese yen.
- Japan Prime minister: Yoshihide Suga.