Prime Minister Tun Dr Mahathir Mohamad speaking during a press conference in conjunction with his working visit to Kyoto September 7, 2019. Also present are Deputy Foreign Minister Datuk Marzuki Yahya and Malaysian Ambassador to Japan Datuk Kennedy Jawan . — Bernama pic
Malaysia according to Dr Mahathir, has received the approval from Japanese Prime Minister Shinzo Abe for the bond’s issuance, but it was up to the Finance Ministry to continue the negotiations. “Some say it is dangerous for us to use the Samurai bond because it may go up, which is a possibility but if we do not change, we use loans with 6-7 per cent interest rate, it will put pressure on us,’ he said.
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