Photo/IllutrationVisitors to the Japan zone at Cybertech 2017 in Tel Aviv on Jan. 31 (Ziv Halevi)

With demand for cybersecurity rising in Japan ahead of the 2020 Tokyo Olympics and Paralympics, the nation is looking for help from cyber-technology related entities in Israel.

Japan and Israel concluded a bilateral pact aimed at making it easier for Japanese businesses to provide funding to these firms by relaxing regulations.

Foreign Minister Fumio Kishida and Israeli Finance Minister Moshe Kahlon signed the investment agreement in Tokyo on Feb. 1.

The government plans to submit a bill seeking Diet approval for the pact during the current session.

The two countries are expanding cooperation to safeguard against cyber threats.

Eight Japanese companies set up booths at Cybertech 2017, a major international trade fair featuring cybersecurity and cyber defense technologies, which was held from Jan. 30 to Feb. 1 in Tel Aviv. It was the second time that Japanese businesses have participated in the event.

At the fair, officials with Dai Nippon Printing Co., NEC Corp. of America, Japan’s Ministry of Economy, Trade and Industry and an Israeli company that opened a branch in Japan explained where the two countries can work together.

The Japanese government is weighing exchanging a memorandum with Israel on cooperation in cybersecurity, including Israeli assistance to train experts, as early as by the end of June.

(Takashi Watanabe, correspondent in Jerusalem, contributed to this article.)