japanese investment: Japan hopes the efforts pave the way toward settling the decades-old territorial dispute, while Russia hopes to attract Japanese investment, according to The Japan Times. However, as the two sides remain far apart in their stances on sovereignty over the islands, they would need to work out how to conduct joint projects in a way that does not raise judicial problems. The countries will hold a vice foreign ministerial meeting Thursday in Moscow to discuss possible joint projects before the nations' leaders meet in Vladivostok in early September. ; Prime Minister Shinzo Abe and Russian President Vladimir Putin agreed in December 2016 to collaborate on economic projects on the islands. A group of Japanese government officials and experts from the public and private sectors visited the islands in late June to study possible areas of cooperation, including tourism. The disputed islands have an ecosystem similar to the neighboring Shiretoko Peninsula of Hokkaido, a scenic UNESCO World Natural Heritage site. I saw its potential as a tourism resource, Eiichi Hasegawa, a special adviser to Abe, told reporters at the time.
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