They are also expected to agree on fleshing out cooperation in the five priority areas of semiconductors, critical minerals such as rare earths, information and communication technology, and clean energy and medical goods, according to the source.
In announcing the prime minister's visit to India, the first since she took office last October, Chief Cabinet Secretary Minoru Kihara said Japan aims to "further strengthen its strategic relationship with India" by reinforcing cooperation in the areas of economic security, investment and innovation.
Japan and India share "fundamental values such as the rule of law and democracy, as well as strategic interests," and boosting their ties is extremely important to realize a "free and open" Indo-Pacific, the top government spokesman told a press conference.
The two countries are considering pledging in the joint statement to hold talks to align their response to emergency situations caused by economic coercion, such as through the bilateral economic security dialogue framework, the government source with knowledge of the draft document said.
They are also likely to underscore the importance of building what they call a resilient and credible supply chain among like-minded nations and of maintaining a fair competitive environment.
