Japan to arrange $6bn in private-sector investment in Bangladesh

What happened: Japan will soon agree to arrange private-sector investment in Bangladesh over the next five years, according to Nikkei. Japanese Prime Minister Sanae Takaichi will host Bangladeshi Prime Minister Tarique Rahman at an upcoming summit in Japan. Key numbers: 1 trillion yen ($6.35 billion) over five years. Why it matters: The auto and energy sectors form part of the effort, which Nikkei describes as aimed at reducing China's sway.

Japan will soon agree to arrange private-sector investment in Bangladesh over the next five years, according to Nikkei. Japanese Prime Minister Sanae Takaichi will host Bangladeshi Prime Minister Tarique Rahman at an upcoming summit in Japan.

The auto and energy sectors form part of the effort, which Nikkei describes as aimed at reducing China's sway.