Japanese prime minister Shinzo Abe has told French president Emmanuel Macron the future of the Renault-Nissan alliance was up to private shareholders.

"Prime Minister Abe said regarding the alliance, which is a symbol of Japanese-French industrial cooperation, it is important to maintain a stable relationship," a spokesman told Reuters in Buenos Aires where Abe and Macron met on the sidelines of the G20 summit.

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"However, he said the future of the alliance is up to the private-sector shareholders. The government of Japan does not prejudge the future of the alliance."

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