The MoU will be will be valid initially for a period of five years and will be automatically extended for a subsequent period of five years unless either party notifies the other of its intention of terminating it.
“The Japanese Government will be issuing Green Cards for highly skilled professionals, the first of its kind in the world thereby providing people to get permanent resident status in as short as one year. This is one of the fastest granted right of residence in the world.”
The conflict is separate to the Rohingya crisis in the west of the country, but security forces are similarly accused of committing frequent abuses against civilians.
The measure comes after a local curfew was imposed on Monday in the central city of Kandy after days of unrest between the two communities during which a Buddhist man was killed and Muslim businesses were set ablaze.
China on Monday unveiled its largest defence spending increase in three years, fuelling an ambitious military modernisation programme and making its neighbours, particularly Japan and self-ruled Taiwan, nervous.