Japan offers $236 mil. in loans to Mongolia to aid virus-hit economy

Japan will extend 25 billion yen ($236 million) in emergency loans to Mongolia to assist its efforts to revitalize the economy hard hit by the novel coronavirus pandemic, Foreign Minister Toshimitsu Motegi said Friday after talks with his Mongolian counterpart Nyamtseren Enkhtaivan.Speaking in an online press conference after the meeting in Ulaanbaatar, Motegi said the two ministers also agreed to step up coordination in resolving the issue of North Korea's abductions of Japanese nationals in the 1970s and 1980s."I hope to further develop the bilateral strategic partnership" with Mongolia, …READ FULL ARTICLE