Japan, India come together

India and Japan on the map

TEXT OF STORY

Doug Krizner: Japan's Prime Minister is leading a delegation of 200 Japanese executives this morning. They're in Indian and their goal is to jump start economic relations between two of Asia's largest economies. Steve Henn reports.


Steve Henn: India's economic relationship with Japan is oddly tepid. Trade between the two countries totaled less than $7 billion last year.

Japan's direct foreign investment in India is miniscule and actually fell from 1997 through 2004. But a China's growth is pushing both countries to rethink their economic relationship.

Richard Samuels: It is the 850-pound gorilla.

Richard Samuels political science professor at MIT and author of a new book called "Securing Japan." He says both India and Japan are interested in creating an economic and political counterweight to China.

Samuels: There are great opportunities the two economies are complementary.

India offers low cost manufacturing, access to new markets and a relatively cheap, highly-educated workforce.

Japan has energy efficient technologies India needs and, most importantly, money to invest.

In Washington, I'm Steve Henn for Marketplace.

About the author

Steve Henn was Marketplace’s technology and innovation reporter for the entire portfolio of Marketplace programs until December 2011.

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