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Japanese Prime Minister Shinzo Abe said on Saturday that his country needs to look more towards Latin America to take better advantage of increasing trade flows. Abe, speaking to reporters in São Paulo where he is meeting Brazilian business leaders, said his visit to five different countries in Latin America in recent days was laying the groundwork for more cooperation and trade. Japanese banks extended $700 million in loans to different Brazilian projects during his visit. “I consider my trip to Latin America an opening of a new chapter in the relations between Japan and the region, a time for more cooperation,” he said.

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