Cameron's Japanese bid to boost UK investment

David Cameron is visiting Japan in an bid to boost investment in the UK. Photo: Reuters

The Prime Minister will attempt to get his premiership back on track today.

The last two weeks since the Budget have been among the most difficult for David Cameron since the General Election in 2010.

I'm travelling with the Prime Minister as he begins a five day trip to Japan and south east Asia this morning where he hopes he can set the government on a more stable, positive path.

On his visit to Tokyo, on which Mr Cameron is bringing a delegation of 37 business and university leaders, he will sign trade deals which will create hundreds of jobs in the UK.

David Cameron is due to make an announcement at Nissan's headquarters in Yokohama. Credit: Reuters

Japan is the world’s third largest economy and the Prime Minister wants more Japanese companies to invest in the UK.

At a pre-planned announcement at the headquarters of Nissan in Yokohama, the car manufacturer will announce that their new hatchback will be built at their plant in Sunderland. It will create 225 jobs and secure a further 900 in the supply chain.

But the most lucrative deals are likely to be done in defence.

Track workers at Nissan's Sunderland factory. Credit: Reuters

Stronger defence ties between Tokyo and London could lead to Japan investing in several major defence projects on ships, helicopters and even fighter jets like the Eurofighter Typhoon – made by a consortium of companies including BAE Systems.

The defence deals are likely to be at the centre of the talks between David Cameron and his Japanese counterpart Yoshihiko Noda – the visit of a British premier to Japan in nine years.

Any deal in defence would be significant. Since the Second World War Japan has not co-operated on the development of weapons with any other country other than the USA.

The talks are only possible after Japan eased its ban on exports of military equipment late last year.