G7 Convention , where Srilankan President’s attendance attracted all world leaders. Followed by this the President met Japanese Prime Minister and discussed about bilateral relations between the two countries, which included trade. At the end of this discussion Japan came forward to grant 38 million yen soft loan at 0.05 % interest rate repayable in 40 years. Unlike previous loans obtained between 6% to 7% interest repayable in 5 year terms and conditions are different from it.