[🇧🇩] Strategic Aspect of Bangla-Japan Relation

[Saif]

Advancing Japan-Bangladesh ties

Japan has long been one of Bangladesh's most dependable and consistent development partners. Since the latter's emergence as an independent nation in 1971, Japan has extended unwavering support to a broad range of sectors -- infrastructure, health, education, energy, and governance -- shaping much

thefinancialexpress.com.bd

Advancing Japan-Bangladesh ties
MIR MOSTAFIZUR RAHAMAN

Published :
May 20, 2025 00:20
Updated :
May 20, 2025 00:20

Japan has long been one of Bangladesh's most dependable and consistent development partners. Since the latter's emergence as an independent nation in 1971, Japan has extended unwavering support to a broad range of sectors -- infrastructure, health, education, energy, and governance -- shaping much of Bangladesh's socio-economic progress. Today, as Bangladesh stands on the cusp of graduating from its Least Developed Country (LDC) status, the importance of deepening its bilateral relationship with Japan is more pressing than ever.

A significant milestone in this enduring friendship is on the horizon. The upcoming three-day visit of Chief Adviser Professor Muhammad Yunus to Tokyo marks an important diplomatic engagement that is expected to yield major decisions aimed at further advancing Japan-Bangladesh ties. At a time when global alliances are being redefined and regional economic architecture is undergoing transformation, such high-level visits signal a renewed commitment to elevating bilateral cooperation to strategic heights.

The recent 6th round of Foreign Office Consultations (FOC) between the two nations, held in Tokyo, underscored the depth and breadth of this partnership. Japan reiterated its intent to deepen engagement with Bangladesh under the Bay of Bengal Industrial Growth Belt (BIG-B) initiative -- a visionary framework that seeks to integrate Bangladesh into regional value chains and catalyze industrial growth. By promoting high-quality infrastructure development and encouraging Japanese companies to establish manufacturing and production bases in Bangladesh, BIG-B has the potential to transform the country into a key economic hub in South Asia.

The alignment of this initiative with Japan's larger vision of a Free and Open Indo-Pacific is not only strategic but also timely. As geopolitical dynamics shift and regional economies seek greater interdependence, Bangladesh's geographical position as a gateway between South and Southeast Asia makes it an indispensable partner for Japan's Indo-Pacific aspirations. By reinforcing economic cooperation through BIG-B and other bilateral platforms, both countries are contributing to a shared vision of regional stability, open trade, and sustainable development.

One of the most noteworthy developments during the FOC was Japan's positive response to Bangladesh's request for Duty-Free Quota-Free (DFQF) market access for Bangladeshi products beyond the LDC graduation. This is a crucial consideration for our exporters, especially in the garments sector, who may face increased tariffs once Bangladesh transitions out of LDC status. Japan's willingness to consider continued DFQF access, along with improved entry for Bangladeshi fruits and vegetables, reflects its understanding of our developmental needs and its commitment to equitable trade relations.

The FOC also provided a platform for comprehensive discussions on an array of bilateral and multilateral issues, ranging from trade and investment to regional security and humanitarian cooperation. High on the agenda was the plight of the Rohingya population. Japan's continued humanitarian assistance and its support for the voluntary, safe, and dignified repatriation of Rohingya refugees underscore Tokyo's role as a responsible global actor. As the burden of hosting over a million displaced people continues to weigh heavily on Bangladesh, such international solidarity is both necessary and commendable.

Beyond trade and humanitarian concerns, both sides explored avenues of cooperation in human resource development, energy transition, climate resilience, and disaster management. Japan's experience and technological expertise in these areas can significantly enhance Bangladesh's capacity to adapt to the challenges of the 21st century. Joint initiatives such as effluent treatment plants, solar power projects, and modernisation of shipyards are not merely development projects -- they are vital instruments for building a green, resilient, and inclusive future.

The discussions also touched upon the importance of cultural exchange, people-to-people connectivity, and educational cooperation -- areas that form the bedrock of long-term diplomatic ties. At a time when global politics is increasingly polarized, soft power diplomacy and mutual cultural appreciation serve as powerful tools to strengthen mutual trust and understanding.

Japan's reassurance of support for Bangladesh's interim government and reform agenda is particularly significant. As the nation navigates complex governance and economic challenges, strategic partnerships such as this can serve as both a stabilising force and a source of inspiration. Japan's model of development -- rooted in innovation, discipline, and human capital -- offers valuable lessons for Bangladesh's own journey toward prosperity.

Furthermore, Bangladesh has sought Japan's increased Official Development Assistance (ODA) in the form of concessional loans, extended repayment periods, and budgetary support. As the largest bilateral ODA donor to Bangladesh, Japan has consistently demonstrated its reliability. In this next phase of development -- which will involve major infrastructure modernization, digital transformation, and green transition -- continued Japanese assistance will be instrumental.

It is also worth noting that the two countries reaffirmed their commitment to multilateralism and shared interests in regional and global forums. In a rapidly changing world order, cooperative diplomacy is key to tackling shared challenges such as climate change, economic inequality, and security threats. Japan and Bangladesh, through their collaborative efforts, can be valuable contributors to a more inclusive and peaceful international system.

As the editorial team of this newspaper reflects on the evolving Bangladesh-Japan partnership, we are filled with optimism. The relationship between these two countries is not transactional; it is built on mutual respect, shared values, and a vision for a better future. The upcoming visit of Professor Muhammad Yunus to Tokyo is not just a diplomatic formality -- it is an opportunity to reaffirm our strategic alignment and to script a new chapter of deeper cooperation.

In the end, advancing Japan-Bangladesh ties is not just a foreign policy goal; it is a national imperative. In Japan, we find a partner that respects our sovereignty, supports our aspirations, and stands with us in times of need. As we look ahead, let us strengthen this friendship with renewed vigor, ensuring that our partnership continues to blossom for the benefit of both nations and the broader region.​

 

[Saif]

Japanese FDI rising, still there’s room to attract more

Japanese investment in Bangladesh has grown steadily over the past decade. But with clearer policies, improved infrastructure and a more predictable regulatory environment, there is room to attract much more.

www.thedailystar.net

Japanese FDI rising, still there’s room to attract more
Says Japan-Bangladesh chamber president, advocates for policy consistency and clarity

Tareq Rafi Bhuiyan Jun

Japanese investment in Bangladesh has grown steadily over the past decade. But with clearer policies, improved infrastructure and a more predictable regulatory environment, there is room to attract much more.

These were the key observations shared by Tareq Rafi Bhuiyan Jun, president of the Japan-Bangladesh Chamber of Commerce and Industry (JBCCI).

"There are now over 350 Japanese companies running in Bangladesh, which is nearly three times more than a decade ago," Jun said in a recent interview with The Daily Star.

"That is a positive sign, but it is not where it could be. Many Japanese companies are still in a wait-and-see mode because of recurring uncertainties in policy and regulation."

While Japanese firms are interested in Bangladesh's prospects, especially in light engineering, logistics, IT services, infrastructure, human resources and manufacturing, they are also wary of the country's investment climate.

"We are not just competing with ourselves," Jun said. "We are competing with countries like Vietnam, Indonesia, and India. Investors compare policies, timelines, and ease of doing business. In too many of these areas, Bangladesh still lags."

One promising development Jun pointed to is the Bangladesh Special Economic Zone in Araihazar area of Narayanganj, a joint venture between Japan's Sumitomo Corporation and the Bangladesh Economic Zones Authority (Beza).

Several Japanese and international firms, including Singer, Art Nature, Lion Corporation and IRIS, have already begun setting up operations there.

"The infrastructure of the zone at Araihazar is truly world-class," Jun said. "It gives Japanese investors confidence that things can be done right here. But one zone is not enough. The pace of such developments must be accelerated and backed by consistent policies."

However, even where infrastructure exists, policy instability often undercuts progress. According to Jun, predictability now matters more to investors than low costs.

"Cost matters, but stability matters more," he said. "Sudden changes to tax laws, customs rules, or investment incentives cause hesitation. Investors plan for decades, not for five-year electoral terms."

Japanese firms often cite political uncertainty, unclear policies, complex tax structures and customs delays as key concerns. These not only increase costs but also create unnecessary confusion for companies operating under tight schedules.

"Many of our member companies have experienced long delays at ports, inconsistent duty assessments, and overlapping regulations," Jun said. "For firms importing high-precision machinery or perishable components, this can be devastating."

The Japan-Bangladesh chamber president called for urgent reform of customs procedures, including the digitisation of clearance systems and a reduction in the discretionary powers of officials at checkpoints.

He welcomed government initiatives such as the Bangladesh Single Window (BSW) and the Authorised Economic Operator (AEO) schemes, describing them as steps in the right direction.

Jun also raised concern over the disadvantages faced by companies that follow the rules.

"Japanese firms follow global standards in labour, safety, import procedures and environmental compliance. But when they compete with local companies that cut corners on wages, taxes, or workplace safety, it creates an uneven playing field," he said.

He urged the government to reward ethical business conduct by offering incentives and support to both foreign and local firms that play by the rules.

"If compliance becomes a burden, investors will go elsewhere. We must align our systems so that the most responsible companies are also the most competitive."

Jun believes Bangladesh can strengthen its partnership with Japan by investing in its people. With Japan's ageing population, the demand for skilled foreign workers is rising and Bangladesh has the demographic advantage.

"If we can align our vocational and technical training systems to Japanese standards, our youth can find employment both at home and in Japan," he said.

Jun also pointed to the growing significance of the IT sector in Japan-Bangladesh ties.

"There is high demand for software development, business process outsourcing, and engineering services. But to meet this demand, we need collaboration between academia and industry, better training and greater exposure to global best practices."

To attract targeted Japanese investment, Jun said Bangladesh should develop sector-specific investment roadmaps.

"Each sector has its own requirements," he commented. "Whether it is infrastructure for logistics, power stability for manufacturing, or certifications for IT, these need to be mapped out clearly. Investors need visibility."

He also added that public-private consultation must be institutionalised and continuous, citing the Japan-Bangladesh Public-Private Economic Dialogue (PPED) as a platform that identifies and resolves key issues faced by investors.

"Happy investors work as ambassadors to attract further FDI," he added.

"Dialogue must not be ceremonial. It must feed directly into policy decisions, and its outcomes should be measurable."

Several major Japanese-backed infrastructure projects are already under way, including the Matarbari Deep Sea Port, the Dhaka Metro Rail, and the third terminal at Hazrat Shahjalal International Airport.

Jun believes these could be transformative, if completed on schedule.

"These are game changers," he said. "They will reduce logistics costs, boost efficiency, and make the country more attractive to investors."

Jun expressed optimism about the upcoming visit to Tokyo by Chief Adviser Professor Muhammad Yunus, calling it an opportunity to reset and deepen bilateral investment ties.

"This visit can demonstrate that Bangladesh is serious about long-term partnerships. But we must ensure deliverables, such as investment pledges, new agreements or knowledge-transfer initiatives."

He also praised the interim government's efforts to engage with all political parties, saying it had sent a reassuring message to foreign investors.

"Japanese investors want to see unity and continuity. Political alignment on economic goals builds long-term confidence."

"The next five years are make-or-break. If we make our systems more efficient, commit to policy stability, and deliver infrastructure on time, Japanese FDI will not just grow, it will multiply."

"But we cannot take this window for granted," he added. "Vietnam, Thailand, India, they are moving fast. If Bangladesh wants to compete, we must act now."​

 

[Saif]

BD-Japan economic corridor set for strategic growth

Standard Chartered Bangladesh, in association with Japan External Trade Organisation (JETRO) and key government institutions, recently hosted a high-level economic briefing spotlighting the strategic importance of the Japan-Bangladesh economic corridor. The event brought together senior representa

thefinancialexpress.com.bd

Resilient Horizons
BD-Japan economic corridor set for strategic growth
FE DESK REPORT
Published :
May 23, 2025 11:50
Updated :
May 23, 2025 11:50

Naser Ezaz Bijoy, CEO, Standard Chartered Bangladesh; Yusuke Asai, CEO, Standard Chartered Japan; Chowdhury Ashik Mahmud Bin Harun, Executive Chairman, BIDA; Saida Shinichi, Ambassador of Japan to Bangladesh; and other guests pose for photo at a high-level economic briefing held in Dhaka recently

Standard Chartered Bangladesh, in association with Japan External Trade Organisation (JETRO) and key government institutions, recently hosted a high-level economic briefing spotlighting the strategic importance of the Japan-Bangladesh economic corridor.

The event brought together senior representatives from Standard Chartered, the Bangladesh Investment Development Authority (BIDA), Japan International Cooperation Agency (JICA), Japan External Trade Organisation (JETRO), and the Embassy of Japan, along with business leaders and investors from both nations, says a statement.

As shifting global trade dynamics heighten interest in South Asia, the event underscored growing confidence in Bangladesh's economic resilience and reinforced the commitment of public and private sector stakeholders to unlocking new opportunities.

From macroeconomic stability to bold reforms -- leaders on both sides shared optimism, insights, and a shared vision for the future. With over 300 Japanese companies already operating in Bangladesh, the next chapter of this partnership is one of scale, sustainability, and shared prosperity.

Naser Ezaz Bijoy, CEO, Standard Chartered Bangladesh, said, "Japan has been an unwavering friend to Bangladesh since independence -- our partnership is rooted not just in policy, but in deep people-to-people ties. We are seeing encouraging signs across key economic indicators, and the outlook is more stable than it has been in years. With the right reforms and collaboration, Bangladesh has every potential to become a trillion-dollar economy within the next five years."

Yusuke Asai, CEO, Standard Chartered Japan, said, "Despite global shifts, two things remain unchanged-Standard Chartered's commitment to the Japan-Bangladesh corridor and the unconditional friendship between our two nations. Japan is one of the world's most globalized economies, and our companies are well-positioned to expand their footprint in Bangladesh. With over 300 Japanese firms already present, the time is ripe to scale up investment and strengthen our role in Bangladesh's growth story."

Chowdhury Ashik Mahmud Bin Harun, Executive Chairman, Bangladesh Investment Development Authority (BIDA), acknowledged the path ahead, saying: "We recognise the challenges investors face, and we are committed to transparency and reform. But progress requires continued pressure from the business community. Our aim is to create a stable, investor-friendly environment -- one that attracts long-term investment and reinforces economic resilience."

Saida Shinichi, Ambassador of Japan to Bangladesh, affirmed Japan's enduring partnership. "As a faithful strategic partner, Japan remains committed to investing in Bangladesh and supporting critical infrastructure. Our ongoing Economic Partnership Agreement negotiations further highlight our shared ambition, with significant opportunities emerging across agro-business, fisheries, automotive, and textiles," he said.

Enamul Huque, Country Chief Risk Officer, Standard Chartered Bangladesh, added: "With reserves stabilizing and exports on a consistent growth trajectory, Bangladesh remains a competitive and attractive destination for international investors, including those from Japan. As a leading foreign bank in Bangladesh and one of the largest foreign investors, Standard Chartered remains committed to promoting Bangladesh as a positive investment destination."

Yuji Ando, Country Representative, JETRO, reinforced investor confidence, "Bangladesh ranks number two in Asia in terms of business expansion potential, second only to India. Despite global economic and political uncertainty, existing Japanese companies are eager to expand their operations, underscoring their long-term commitment to this market."

Ichiguchi Tomohide, Chief Representative, JICA Bangladesh, said, "While progress has been made, much work remains to improve the investment climate. At JICA, we are working closely with JETRO and other partners to push forward strategic initiatives-from transformative infrastructure projects like the Matarbari deep-sea port and MRTs to streamlining investment procedures."

The event concluded on a note of shared optimism, with participants expressing strong confidence in Bangladesh's strategic potential underpinned by a longstanding partnership with Japan and a collective commitment to shaping a resilient future.​

 

[Saif]

Bangladesh to seek $1.0b in budget support

Bangladesh will seek one-billion-dollar budget support from Japan during the Chief Adviser's upcoming visit, which will also yield some bilateral cooperation accords, officials said. Chief Adviser Prof Muhammad Yunus is scheduled to visit Tokyo on June 28-31, with these matters high on agenda, t

thefinancialexpress.com.bd

CA visits Japan from May 28
Bangladesh to seek $1.0b in budget support
Defence equipment deal dropped from agenda, seven MoUs likely

MIR MOSTAFIZUR RAHAMAN
Published :
May 26, 2025 01:42
Updated :
May 26, 2025 01:42

Bangladesh will seek one-billion-dollar budget support from Japan during the Chief Adviser's upcoming visit, which will also yield some bilateral cooperation accords, officials said.

Chief Adviser Prof Muhammad Yunus is scheduled to visit Tokyo on June 28-31, with these matters high on agenda, the foreign adviser told The Financial Express Sunday.

Officials of the ministry have said both the countries have agreed to sign 7 MoUs during the visit of the head of interim government.

"One will be signed on energy cooperation, two of them will be signed with BIDA, two with the Special Economic Zones Authority, and two will be business-to-business MoU," said a high official of the ministry.

"We will also seek one billion US dollars from the Japan government," he said, adding that Japan was yet to disclose their position in this regard.

"We are expecting a substantial amount," he said about the latest in a hunt for foreign funds to bankroll national budget and development recipe it carries. Bangladesh will seek enhanced Japanese support through increased Official Development Assistance (ODA), concessional loans, extended loan-repayment periods, and budgetary support to bolster its development initiatives, officials said.

The government will also seek cooperation from Japan in different sectors like infrastructure, shipbuilding, blue economy, trade and investment, and energy during the bilateral meeting scheduled for May 30.

The two Asian nations had previously agreed to ink a deal on defence-equipment technology and training, but on Sunday, Japan requested dropping the deal, saying that they cannot sign it without vetting by parliament.


There will be a proposal for increasing the number of Japanese scholarships for Bangladeshi students.

According to officials, as Japan expressed its intent to step up engagement with Bangladesh under the Bay of Bengal Industrial Growth Belt (Big-B) initiative, this issue will be focused during the visit.

Japan intends to promote high-quality infrastructure projects and to encourage Japanese manufacturing and production companies to expand their value chains into Bangladesh under this initiative, said officials of the foreign ministry in Dhaka.

These efforts are aligned with Japan's broader vision of a Free and Open Indo-Pacific and its commitment to sustainable development of the region, they added.

Bangladesh will also request Japan to extend Duty-Free, Quota-Free (DFQF) market access for Bangladeshi products during the post-LDC graduation period and is expecting a positive result.

Outlining key areas of cooperation, officials said human-resource development, energy transition through a joint crediting mechanism, climate- change adaptation, earthquake management, and collaboration on Effluent Treatment Plants (ETP), Treatment Storage and Disposal Facilities (TSDF), solar-power projects, and modernisation of shipyards.

The repatriation of Rohingyas and humanitarian support for them in Cox's Bazar will also be on the table.​

 

[Saif]

Japan sees Yunus’ visit as chance to deepen ties

Japan on Monday said Chief Adviser Prof Muhammad Yunus’ official visit to Japan is expected to ‘further strengthen’ the friendly relations between the two countries. The Chief Adviser will pay an ‘official working visit’ to Japan from May 28 to 31. During his stay in

thefinancialexpress.com.bd

Japan sees Yunus’ visit as chance to deepen ties

UNB
Published :
May 26, 2025 18:30
Updated :
May 26, 2025 18:30

Japan on Monday said Chief Adviser Prof Muhammad Yunus’ official visit to Japan is expected to ‘further strengthen’ the friendly relations between the two countries.

The Chief Adviser will pay an ‘official working visit’ to Japan from May 28 to 31.

During his stay in Japan, Prime Minister Ishiba Shigeru will hold a Bangladesh-Japan Summit meeting with Chief Adviser Prof Yunus.

The Chief Adviser will also attend the Nikkei Forum 30th ‘Future of Asia’.

This will be Prof Yunus’ first visit to Japan as the Chief Adviser, said the Japanese Ministry of Foreign Affairs.

Meanwhile, Japanese Ambassador to Bangladesh Saida Shinichi talked to a select group of reporters at his residence on various aspects of the visit.

Prof Yunus visited Japan multiple times, including the visit to attend the 2004 Nikkei Asia Prize award ceremony and the participation in the Ministry of Foreign Affairs’ Opinion Leader Invitation Program in 2007.​

 

[Saif]

Dhaka to seek US$1b soft loan during CA's Japan visit

Bangladesh will seek USD 1 billion soft loan from Japan during the upcoming official visit of Chief Adviser Professor Dr Muhammad Yunus to Tokyo

en.prothomalo.com

Dhaka to seek US$1b soft loan during CA's Japan visit

BSS
Updated: 26 May 2025, 22: 06

Flags of Bangladesh and Japan BSS

Bangladesh will seek USD 1 billion soft loan from Japan during the upcoming official visit of Chief Adviser Professor Dr Muhammad Yunus to Tokyo, scheduled for 28-31 May.

"The main focus of this visit is budgetary support," said Acting Foreign Secretary Md Ruhul Alam Siddique while addressing a curtain-raiser press briefing at the Ministry of Foreign Affairs this afternoon.

Chief Adviser Yunus is expected to depart Dhaka early Wednesday for the four-day visit, during which he will hold bilateral talks with Japanese Prime Minister Shigeru Ishiba on 30 May, aimed at deepening cooperation across a wide range of strategic areas.

"The formal announcement of the soft loan is expected following the bilateral talks, after which an exchange of notes will be signed," Siddique said.

Tokyo will accord a red-carpet welcome to the Chief Adviser upon his arrival, including a guard of honour, he said.

The Acting Foreign Secretary said the visit will prioritise the enhancement of bilateral relations, with special focus on economic and strategic collaboration.

A total of seven Memorandums of Understanding (MoUs) are expected to be signed during the visit, covering energy cooperation, human resource development, manpower export, and the establishment of special economic zones.

Professor Yunus will also participate in the Nikkei 30th Future of Asia Conference to be held in Tokyo on 29–30 May, where he will deliver a keynote speech in a plenary session.

He was invited to the forum by Japanese Parliamentary Vice-Minister for Foreign Affairs Ikuina Akiko earlier this year.

The Chief Adviser is also a recipient of the prestigious Nikkei Asia Prize, awarded in 2004.

Highlighting the broader significance of the visit, Siddique said discussions will include a wide range of bilateral and multilateral issues, including trade and investment, political and economic cooperation, security, regional and global developments, and the issue of forcibly displaced Rohingyas from Myanmar.

Japan has reiterated its commitment to strengthening engagement with Bangladesh under the Bay of Bengal Industrial Growth Belt (Big-B) initiative and the broader Free and Open Indo-Pacific Strategy, he said.

As part of these initiatives, Japan aims to support high-quality infrastructure projects in Bangladesh and promote the expansion of Japanese manufacturing value chains, he added.

Diplomatic sources noted that both countries will seek to further enhance ties under the Japan-Bangladesh Strategic Partnership with an emphasis on people-to-people connectivity, cultural exchanges, and sectoral cooperation.

Director General of the East Asia & Pacific Wing Mohammed Nore-Alam and Director General of the Public Diplomacy Wing Shah Asif Rahman also addressed the media.​