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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Putin praises 'atmosphere of trust' with Japan AFP - Wednesday, May 13 TOKYO (AFP) - - Russian Prime Minister Vladimir Putin praised Tuesday what he called an "atmosphere of trust" with Japan on a visit expected to lead to key energy agreements despite a lingering territorial dispute. ADVERTISEMENT The former president was joined by a high-powered business delegation for his Tokyo visit, where both sides planned to sign a nuclear energy cooperation pact and a deal on oil exploration in Siberia. "Trade turnover is growing, the volume of direct investment is increasing, large projects, including in the sphere of energy and other areas, are being implemented," Putin told a joint business forum. "But I think that this is a by-product of more considerable achievements, which is the creation of an atmosphere of trust." Putin said he hoped that change in mood would help resolve a territorial dispute over an island chain that has hampered bilateral relations since World War II and stopped both countries from signing a peace treaty. The islands, seized by Soviet troops in the war's final days, are known in Japan as the Northern Territories and in Russia as the Southern Kurils. "It is that attitude and that joint work that will allow us to resolve global issues, including reaching a peace agreement," Putin said. Joined by 100 business representatives, he was meeting former Japanese premiers, the main opposition party leader and corporate chiefs from both countries ahead of scheduled talks with his counterpart Taro Aso. A judo black belt, Putin was also due to unveil a Japanese-language version of his book on the sport alongside Yasuhiro Yamashita, a world champion from Japan with whom the Russian leader has also recorded a video manual. Stressing closer economic ties, Putin encouraged Japanese companies to ramp up their presence in his country, telling the business forum that "today no one doubts the long-term prospects of Japanese business in Russia." Japanese carmakers such as Toyota and Nissan have set up shop in Russia, while in February Russia opened its first liquefied natural gas plant that will supply energy-poor Japan with millions of tonnes of gas annually. Trade turnover between Russia and Japan, its second-biggest partner in Asia after China, grew seven-fold to nearly 30 billion dollars this year from four billion dollars in 2005, officials said earlier. Japanese and Russian energy companies signed a deal to jointly develop two major oil fields in eastern Siberia. The Nikkei business daily said the project would cost an initial 15 billion yen (152.6 million dollars). Putin also said it was "quite possible" that Japanese companies could help complete an oil pipeline from East Siberia to Pacific Ocean ports. Japan and Russia were later due to sign a pact to promote the non-military use of nuclear power which would pave the way for Tokyo to export nuclear power plant technology to Moscow in return for being able to buy more nuclear fuel from it. The host country tried to keep the focus on the territorial dispute as well as the economic deals. Chief Cabinet Secretary Takeo Kawamura told reporters that Putin "did not come to Japan for the sake of the territorial issue" but added that "we expect to see progress through a range of discussions" between the two premiers. Russia has linked progress on the dispute to closer economic ties, while Tokyo maintains the absence of a peace treaty stymies business relations. Putin did not budge on the dispute during his 2000-2008 presidency, and his staff earlier cautioned Japan against any "inflated expectations and therefore disappointment" on the issue during his visit. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Asia Pacific China steps up flu vigilance in wake of first caseAFP - Tuesday, May 12 Japan's opposition to pick new leader on SaturdayAFP - Tuesday, May 12 Indonesia to deport activists over ocean protestAFP - Tuesday, May 12 Pakistan troops attack Taliban stronghold: armyAFP - Tuesday, May 12 Bomber kills 10 in Pakistan as army battles TalibanReuters - Tuesday, May 12 Enlarge Photo Putin praises 'atmosphere of trust' with Japan Most Popular – Asia Pacific Viewed Australian zoo evacuated after orangutan escape British store admits it boobed in bra row Obese young men have less hope of marriage: study Venezuela oil takeovers may leave 22,000 jobless $70-80 good price for oil: French economy minister View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! 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