Dhaka, Oct. 27 -- Japan eyes private investment of up to 1 trillion yen in Bangladesh over the next five years, with the potential to create 200,000 jobs, as the two countries agreed to deepen economic cooperation, strengthen supply chains and upgrade their flagship development initiative to "BIG-B for Shared Prosperity".

The projection was announced in a joint statement following a bilateral summit between Bangladesh Prime Minister Tarique Rahman and Japanese Prime Minister Sanae Takaichi in Tokyo on Tuesday.

According to the joint statement, Sanae Takaichi lauded the efforts made by Prime Minister Tarique Rahman's administration to promote foreign direct investment and welcomed a projection of upcoming private investment from Japan to...