Dr M says Japan to consider future financial support

Prime Minister Dr Mahathir Mohamad with Japanese Prime Minister Shinzo Abe at Abe’s official residence in Tokyo. (Reuters pic)

TOKYO: Japan is ready to extend Malaysia support to help overcome its financial problems if the need arises, Prime Minister Dr Mahathir Mohamad said today.

“Prime Minister (Shinzo) Abe assured us that, if, in future, we have a need to seek Japanese support in solving our financial problems, he’s ready and the Japanese government is ready to consider (it),” Mahathir told a news conference.

Malaysia this month announced an expanded budget for 2019 and forecast a wider fiscal deficit, as Mahathir’s new administration grapples with shrinking revenue and large debt left by his predecessor.