Dr M asks Japan for soft loans

Meeting of minds: Dr Mahathir being welcomed by Abe ahead of their talks in Tokyo. — Bernama

MALAYSIA has asked Japan to extend it yen credit in the form of soft loans, some of which may be used to retire old loans to offset high borrowing costs.

This is among several proposals, including the setting up of a branch of a Japanese university, put forward by Prime Minister Tun Dr Mahathir Mohamad to his Japanese counterpart Shinzo Abe during a courtesy call at his office.