OTTAWA — Japanese Prime Minister Fumio Kishida’s first official visit to Canada will take place next week, as Tokyo looks to Canada to provide much\u002Dneeded…
Japan takes over the rotating presidency of the Group of Seven this year and Kishida is embarking on a multi-country tour.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
The country is so reliant on Russian fuel that G7 countries gave Japan an exemption on a measure that caps the price of Russian oil below market rates, to avoid Japan facing the same scramble for energy that Europe undertook last year. Kennedy said both countries and Canadian firms are watching to see whether the terminal meets that timeline, given the delays other large energy projects in Canada have faced.
Kennedy said Canadian businesses have been looking past Japan for the last three decades. The country’s economic bubble burst in 1991, just as other Asian countries started posting stronger growth. Japan’s population is also aging at one of the fastest rates in the world. Japanese companies are now looking to expand electric-vehicle production in North America, and Ottawa is under pressure to match American subsidies on the production of green vehicles and components.
At a Thursday speech in Washington, Japanese trade minister Yasutoshi Nishimura said his country plans to use its year leading the G7 to encourage allies to lessen their dependence on rogue states like Russia and China.
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