Japan, ADB to support nuclear plant introduction in Asia

Detailed summary

NHK has learned that Japan's economy ministry is working to sign a memorandum of cooperation with the Asian Development Bank to introduce nuclear power plants to Asian countries.

NHK has learned that Japan's economy ministry is working to sign a memorandum of cooperation with the Asian Development Bank to introduce nuclear power plants to Asian countries.

Economy, Trade and Industry Minister Akazawa Ryosei is set to visit the Philippines' capital, Manila, to attend an international conference.

On Monday, he is scheduled to meet with Kanda Masato, president of the ADB, which provides financial support for infrastructure development in Asia. The two officials are coordinating toward the signing of the memorandum.

Construction of nuclear power plants is under consideration in the Philippines, Vietnam and elsewhere in Asia.

A next-generation small nuclear reactor, called SMR, is reportedly among the candidates. The SMR is being developed by Japanese firms, among others.

Last year, the ADB changed its policy of not providing funds for nuclear projects, allowing it to support member nations to introduce nuclear power plants.

The economy ministry hopes to help Japanese firms enter the region's nuclear power market, which is expected to grow.

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