Japan–Venezuela relations are foreign relations between Japan and Venezuela. Formal diplomatic relations between the countries were established in August 1938.[1] Venezuela broke off diplomatic ties with Japan (and the other Axis Powers) in December 1941, shortly after the Japanese attack on Pearl Harbor.[2]
In 1999, Venezuelan President Hugo Chavez made a three-day trip to Japan.
Japanese banks Marubeni and Mitsui loaned Venezuela $3.5 billion in 2007 to be repaid in oil. The Japan Bank for International Cooperation provided $1.89 billion in loans to support the banks.
Japan imported US$1 bn worth of goods from Venezuela in 2008, mainly aluminium, iron ore and cacao.[3]
Hugo Chavez made another two-day trip in 2009, during which he met Prime Minister Taro Aso. During the trip they agreed to cooperate on oil and gas developments and form a committee to study financing development and exploration. Japan and Venezuela signed a dozen other accords as part of Chavez’s visit.[4]
On 23 December 2009, Chavez threatened to expropriate Toyota Motor Corp.'s local assembly plant.[5]
