Dhaka, Oct. 27 -- Japan is eying private investment of up to 1 trillion yen (about US$6.34 billion) 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 statement, Sanae Takaichi welcomed the projection of Japanese private investment in Bangladesh, which can generate 200,000 jobs over the next five years, and praised the efforts of Tari...