India and Japan share a long-term relationship structured over half a century, which forms the bedrock of Indo-Japanese cooperation today. Both countries share great affinity ona number of issues with interests converging in areas such as energy and similar concerns about the security of sea lanes, of communication, WMD proliferation and terrorism.The India-Japan Declaration of December 10,2001 has further set the ball rolling for things to shape up in Indo-Japanese relationship in the 21st century.

Both, India and Japan are currently going through economic reforms in different forms and shapes with the ultimate object of architecting a stronger economy. While Japan is implementing structural economic reforms, India is in the process basic economic reforms. India is now the largest partner for Japan's yen loan, and both countries support each others' candidacy for permanent membership of the UNSC.

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