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24

Japanese Excited Over Reelection

Japan and Russia are expected to strengthen...

Japan and Russia are expected to strengthen economic ties following the reelection of Vladimir Putin as Russian president in Sunday's presidential poll, Japanese business leaders say.

There will be more opportunities for natural resources development in the Russian Far East under Putin's strong leadership, said an official at a Japanese trading firm.

Many Japanese trading houses are active in natural resources projects in the region. Mitsui and Co. and Mitsubishi Corp. have been exploring for oil and gas in the Sakhalin Island area, while Sumitomo Corp. is engaged in a lumber business.

These projects will be allowed to progress under Putin's continued leadership, another trading firm official said.