Malaysia PM Mahathir says Japan to consider extending financial support if future need arises

Malaysia's Prime Minister Mahathir Mohamad exchanging greetings with Japan's Prime Minister Shinzo Abe at the end of their joint news conference at Abe's official residence in Tokyo, on Nov 6, 2018.
Malaysia's Prime Minister Mahathir Mohamad exchanging greetings with Japan's Prime Minister Shinzo Abe at the end of their joint news conference at Abe's official residence in Tokyo, on Nov 6, 2018.PHOTO: EPA-EFE

TOKYO (REUTERS) - Japan is ready to extend Malaysia support to help overcome its financial problems if the need arises, Malaysian Prime Minister Mahathir Mohamad said on Tuesday (Nov 6).

"Prime Minister (Shinzo) Abe assured as 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)," Tun Dr Mahathir told a news conference.

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