India, July 2 -- New Delhi [India], July 2 (ANI) Hailing India and Japan as the largest democratic and market economies in the Indo-Pacific region, Prime Minister Narendra Modi said both countries have taken several important initiatives to pave the way for peace, stability and progress in the entire region.

Addressing a joint press statement with visiting Japanese Prime Minister Sanae Takaichi, PM Modi referred to his remarks at the at recent G7 Summit about mutual trust being the biggest asset in today's environment of global turmoil.

"I am proud that the India-Japan partnership fully stands this test. In the last few decades, from automotive to electronics, Japan has made a contribution as an important partner in India's growth story...