Trade relationship between india and japan

Japan-India Trade Relations: An Unequal Music by Mukesh Williams

trade relationship between india and japan

This site provides detail information on India Japan Trade Relations. The site also focuses on the current development of trade between India and Japan. TOKYO: The leaders of Japan and India are reaffirming their ties amid growing worries about trade and regional stability. India's trade deficit with Japan has widened to $ billion in New Delhi: Amid growing bonhomie between Japan and India —Asia's.

The Japanese initially assumed that the Portuguese were from India and that Christianity was a new " Indian faith ".

trade relationship between india and japan

These mistaken assumptions were due to the Indian city of Goa being a central base for the Portuguese East India Company and also due to a significant portion of the crew on Portuguese ships being Indian Christians. By the early 17th century, there was a community of Japanese traders in Goa in addition to Japanese slaves brought by Portuguese ships from Japan. The Anglo-Japanese Alliance was ended on 17 August As a result, during the two World Warsthe INA adopted the "an enemy of our enemy is our friend" attitude, legacy that is still controversial today given the war crimes committed by Imperial Japan and its allies.

Many Indian independence movement activists escaped from British rule and stayed in Japan. Naira student from India, became an Independence Movement activist. In Tokyo Imperial University set up a chair in Sanskrit and Paliwith a further chair in Comparative religion being set up in In this environment, a number of Indian students came to Japan in the early twentieth century, founding the Oriental Youngmen's Association in Their anti-British political activity caused consternation to the Indian Government, following a report in the London Spectator.

Over 2 million Indians participated in the war; many served in combat against the Japanese who conquered Burma and reached the Indian border. They joined primarily because of the very harsh, often fatal conditions in POW camps. Bose was eager for the INA to participate in any invasion of India, and persuaded several Japanese that a victory such as Mutaguchi anticipated would lead to the collapse of British rule in India.

The idea that their western boundary would be controlled by a more friendly government was attractive. Also seen Subhas Chandra Bose statue in Tokyo. The judgement of Justice Radhabinod Pal is remembered even today in Japan. A relatively well-known result of the two nations' was inwhen India sent the Tokyo Zoo two elephants to cheer the spirits of the defeated Japanese empire.

trade relationship between india and japan

India's iron ore helped Japan's recovery from World War II devastation, and following Japanese Prime Minister Nobusuke Kishi 's visit to India inJapan started providing yen loans to India inas the first yen loan aid extended by Japanese government. Since the s, however, efforts were made to strengthen bilateral ties.

Japan imposed sanctions on India following the test, which included the suspension of all political exchanges and the cutting off of economic assistance.

These sanctions were lifted three years later. Relations improved exponentially following this period, as bilateral ties between the two nations improved once again, [27] to the point where the Japanese prime minister, Shinzo Abe was to be the chief guest at India's Republic Day parade. His visit further strengthened the ties between the two countries, and resulted in several key agreements, including the establishment of a "Special Strategic Global Partnership".

During the meeting, India and Japan signed the "Agreement for Cooperation in Peaceful Uses of Nuclear Energy", a landmark civil nuclear agreement, under which Japan will supply nuclear reactors, fuel and technology to India. India is not a signatory to the non-Proliferation Treaty NPTand is the only non-signatory to receive an exemption from Japan. This is the single largest overseas project being financed by Japan and reflected growing economic partnership between the two nations.

India is also one of the only three countries in the world with whom Japan has security pact. As of MarchJapan was the third largest investor in India. Kenichi Yoshida, a director of Softbridge Solutions Japan, stated in late that Indian engineers were becoming the backbone of Japan's IT industry and that "it is important for Japanese industry to work together with India".

trade relationship between india and japan

Under the memorandum, any Japanese coming to India for business or work will be straightway granted a three-year visa and similar procedures will be followed by Japan.

Other highlights of this visit includes abolition of customs duties on 94 per cent of trade between the two nations over the next decade. As per the Agreement, tariffs will be removed on almost 90 per cent of Japan's exports to India and 97 per cent of India's exports to Japan Trade between the two nations has also steadily been growing.

India and Japan signed an agreement in December to build a bullet train line between Mumbai and Ahmedabad using Japan's Shinkansen technology. With the help from Japan, both countries hope this will strengthen their economic ties and suspend China's influence in Asia. Secretary of State, Condoleezza Rice, that the United States possesses the capability to protect Japan were highly publicized by the Japanese media more than Manmohan Singh visit.

The Japanese threat perception has triggered calls from within the LDP to conduct a national debate on the nuclear issue strongly denied by the top leadership of the party. However the increasing concern with national security and differing voices on the nuclear issue itself constitutes a debate though of a lesser intensity than the one that emerged in the s in India in the wake of its defeat in the Sino-Indian war of and the subsequent nuclearization of China in A perceived threat as many nuclear analysts believe is invariably the most convincing argument that can be put forward by any national government before its populace for endorsing a nuclear policy.

This is what Japan is doing now. In itself, this may not be important for India but changing notions of the nuclear issue has altered Japanese perceptions of India's nuclear policy. Since the last few decades Japan has been a vociferous critic of India's nuclear policy and did not see much in common in terms of national values and priorities. The Indian economy too had nothing to offer Japan.

From the early to the middle of the twentieth century the exploitative nature of the British colonial economy did not allow India to grow. Even after independence inIndian economy grew by a meager 1 percent. Only with the rise of technology and private entrepreneurs in Indian economy showed a substantial growth of 6 percent. Changing Geopolitical Reality The changing geopolitical reality in the world has realigned nations in a new constellation against the emerging threat of what is termed as 'Islamic terrorism' and the Chinese dragon.

India Japan Trade Relations

These two threats, felt more by the United States and less by Europe, have reconfigured the global politics of the Cold War period in Asia and shifted the focus from the threat of the spread of Soviet communism to the spread of fundamentalist Islam.

In other words, the United States, Japan and India have increasingly begun to feel the emerging threat of China to the peace and stability in Asia. Now China's hegemonic intentions can be challenged and contained by a strong and emerging nation like India.

India's emergence as a young nation with 52 percent of its population below 25 years of age has drawn the attention of both political analysts and demographers who see India in the immediate future as outpacing China. Einoske Sakikabara of Waseda University argues that within ten years India will outpace China in commerce and other areas, something that even Indian planners would find hard to endorse. Japanese ODA India is envious of Japan working with a low population though does not fully comprehend the problems arising from a graying population and declining birthrate.

India Japan Trade Relations

The high standard of law and order in Japan, developed infrastructure, and total commitment to work even at lower levels of the social system are the envy of both Indian private entrepreneurs and professionals, something missing in India.

Encouraged by the Japanese investment in the Delhi Metro and purification of a stretch of Ganga River, Indian leaders are calling for a larger ODA investment by Japan in India which could bring rich dividends in the future.

In fact at present the ODA has extended yen loans to nine projects in India ranging from the prevention of diseases to reforestation and fast transit system. Japanese Investment in India The success story of the Japanese automobile company Maruti-Suzuki in India in the last few decades is always shown as an example of the enormous potential that Japanese investment has in India.

Encouraged by the incredible sale of its cheaper car models Maruti and ZenSuzuki has planned an additional investment of billion yen in India by to increase production and sales.

Japanese themselves are surprised that not so popular companies in Japan are making tremendous profits in India and have proved to be second to none in road worthiness, maintenance cost and fuel efficiency. Surprised by the success of Suzuki, Toyota Motor Corporation has set up a plant in south India which will produce compact low priced cars by If the highly skilled workforce of Japan can combine with the high technology professionals from India it would not only benefit both the countries but also revolutionize Asia at large, thereby providing the necessary counterbalance to the hegemonic ambitions of China in both commerce and politics.

Another area of cooperation could be in the medical profession. As Japan faces a shortage of competent doctors and qualified nurses, it can exploit the rich resources of the Indian medical industry'which many U. Junichiro Koizumi's visit to India in has greatly encouraged the learning of Japanese language and the craft of origami in Indian schools. The demand for Japanese language learning has increased in the western states of India and language-learning centers have increased in Poona.

Differing Perspectives It was expected that the recent visit of the Indian prime minister would leave an indelible mark on the Japanese consciousness but sadly it did not draw the attention of either the media or the public at large. The Indian media on the contrary placed great significance on the visit. Most Japanese were ignorant of the visit and the Japanese press paid scant attention to it. On the contrary both the Indian press and NDTV publicized the prime minister's visit to Japan including the joint communiqu' from the prime ministers of both the countries.

This could be a matter of differing perceptions. The Japanese feel happy with the 'Look East' policy of India, while the Indians feel frustrated that Japan is not doing enough to promote bilateral trade.

The Japanese argued that in the actual volume of trade between Japan and India rose by 16 percent and 80 more Japanese companies were added to the list of already existing companies doing business with India.

Japanese business houses were elated by the fact that 90 percent of Japanese companies were making substantial profits and were considering expanding their operations in India.