R. Magsaysay: Press release: Mr. Magsaysay, President, on the signing of the reparation agreement between the Philippines and Japan. Official Journal of the Republic of the Philippines, 52 (5), 2500-2501. Philippine President Corazon Aquino visited Japan in November 1986 and met with Emperor Hirohito, who apologized for Japan`s injustices during World War II. During the visit, new foreign aid agreements were also concluded. Aquino returned to Japan in 1989 for Hirohito`s funeral and in 1990 for the induction of Emperor Akihito. When the U.S. State Department asked the Philippines to give up $8 billion in war reparations, Quirino stubbornly refused. Quirino believed that one day Japan would resurrect a power, and as long as it is a power, it will have to be counted in the affairs of Asia. Although President Quirino subsequently resigned, the Philippines pursued its demands independently after the signing of the peace treaty on 8 September 1951. (The reparation agreement was finally signed on May 9, 1956). On February 29, 2016, Japan signed a pact to supply defence equipment to the Philippines.
The agreement provides a framework for the provision of defence equipment and technologies and will enable the two countries to carry out joint research and development projects.  On April 3, 2016, the Japanese-trained submarine JS Oyashio and the two destroyers JS Ariake and JS Setogiri docked at Alava Wharf in Subic Bay In early May 2016, planning for a Japanese-Philippine mutual defence contract was one of the government`s most important defence plans if Mar Roxaa were to win. However, the presidential elections on 10 May led to the victory of Rodrigo Duterte.  In October 2016, discussions on the defence treaty were revived when the government said that Duterte and Abe`s possible contract could be discussed during Duterte`s first official visit to Japan. However, the visit did not give rise to any discussions about a possible contract after Duterte`s decision to ally with China.  I would like to take this opportunity to congratulate all those in the Philippine government who, under the leadership of Ambassador Neri, who spent long and difficult hours drawing up this agreement, for a job well done. The country owes their esteem and gratitude. The Philippines became independent from the United States in 1946 and signed the San Francisco Peace Treaty with Japan in 1951. Diplomatic relations were normalized and resumed in 1956, when an agreement on war reparations was reached. By the late 1950s, Japanese companies and individual investors had begun to return to the Philippines. In November 2015, the Philippine government and the Japan International Cooperation Agency (JICA) signed a $2 billion loan agreement for JICA to finance part of the construction of a rail system between The Tutuban station in Manila and Malolos, Bulacan in the Philippines, which will become the country`s largest rail system.