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Nepal has a number of key trading partners, including Japan. Relations between Nepal and Japan extend back to the late eighteenth century. On September 1, 1956, diplomatic relations were established, formalizing the partnership. Friendship, goodwill, and cooperation characterize the two countries' relationships. Since 1954, Japan has been assisting Nepal's socio-economic growth. Pashmina items, ready-made clothing, food, woolen goods, carpets, handicrafts, Nepali paper, and paper products, leather goods, silverware, and decorations are among Nepal's key exports to Japan. In 2020-21, Nepal exported 51,133 kg of beaten rice, worth 10,546 thousand rupees in export value. Japan is one of Nepal's most important foreign direct investment (FDI) sources.