2018 Global Economic and Market Outlook
The Ivy investment team’s views on the global economic landscape and investment themes for 2018.
Reuters reports that on Sept. 14, the leaders of India and Japan agreed to deepen defense ties and push for more cooperation with Australia and the United States, as they seek to counter growing Chinese influence across Asia.
Relations have deepened between Asia’s second and third largest economies as Japanese Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, who enjoy a close personal relationship, increasingly see eye-to-eye to balance China as the dominant Asian power.
In a joint statement, India and Japan said deepening security links was paramount. This included collaboration on research into unmanned ground vehicles and robotics and the possibility of joint field exercises between their armies.
There was also “renewed momentum” for cooperation with the U.S. and Australia. Earlier this year, India rejected an Australian request to be included in four-country naval drills for fear of angering Beijing.
“Relations between India and Japan are not only a bilateral relationship but have developed into a strategic global partnership,” Abe said. “We will strengthen our collaboration with those countries with whom we share universal values.” (Source: Reuters))
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