India-Sri Lanka bilateral relationship — 9DASHLINE

The changing dynamics of the Japan-Sri Lanka relationship

Written by Varuna Shankar

Japan provides the opportunity for Sri Lanka to reduce its dependence on China for economic reform, while Sri Lanka provides Japan an opening to penetrate deeper into the South Asian market.

South Asia9DLFebruary 26, 20249dashline, varuna shankar, The changing dynamics of the Japan-Sri Lanka relationship, Japan-Sri lanka relationship, investment, Southeast Asia, Japanese Foreign Minister Yoshimasa Hayash, Japanese Foreign Minister Yoshimasa Hayashi, digital econo, digital economies, MOU on port development, financial crisis, Gotabaya government’s dependence on Chinese financial assistance, 2.9 billion bailout from the IMF, Sri Lanka's strategy, economic freefall, humanitarian crisis, twin deficit, COVID-19 stagnation, tourism industry, Gotabaya administration, Jaya Container Terminal project, Sri Lanka Ports Authority, East Container Terminal, jointly develop the East Container Terminal, Ports Authority, funded by Japan, Memorandum of Understanding (MoU) was cancelled, Japanese-funded light rail transit (LRT) project was suspended, Tokyo and Colombo, India-Sri Lanka bilateral relationship, West Container Terminal, 52 per cent of Sri Lanka’s bilateral debt, Sri Lanka's debt, World Bank, IMF, Japanese Ambassador to India Hiroshi Suzuki, Free and Open Indo-Pacific, Prime Minister Fumio Kishida’s vision, Japanese investments, Japan International Cooperation Agency (JICA), Bandaranaike International Airport, viaduct at Bandaranaike International Airport, apanese Maritime Self-Defence Force, connectivity infrastructure in Sri Lanka, devaluation of the local currency, Colombo, investment zones, South Asian market