Request for yen credits a soft loan, says Dr Mahathir

Prime Minister Dr Mahathir Mohamad says that if Malaysia can reduce the cost by borrowing from a source with lower rates, old loans can be retired. – AFP pic, June 12, 2018.

MALAYSIA’S request for yen credits from Japan will be in the form of a soft loan, Prime Minister Dr Mahathir Mohamad said.

The credits will be used to help reduce Malaysia’s borrowing costs, which were “too high” under the previous administration, he told the Malaysian press in Tokyo today at the end of his three-day official visit to Japan.

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