Tokyo, Japan - Japanese media company Nikkei recently announced plans to open a bureau in Mexico City in April as part of a global expansion plan and amid growing economic ties between Japan and Mexico.

Nikkei, one of the biggest providers of business news in Asia, bought the Financial Times last year.

The media group said the Mexico City office, which will be its 37th bureau around the world and first to open since the acquisition of the Financial Times, is part of "the global expansion strategy" being executed by the company.

Nikkei will be the first Japanese media outlet to have a bureau of its own in Mexico, which will serve as a base for covering Central America and the Caribbean.

Nikkei is one of Japan's largest media companies and specializes in publishing stories and other content on business, finance and industry.

The morning and afternoon editions of its main publication, the Nikkei newspaper, founded in 1876, have a combined daily circulation of 2.7 million and about 430,000 digital subscribers, making it the No. 4 newspaper in Japan and No. 1 business publication.

Nikkei bought the Financial Times in October for $1.3 billion from Pearson, one of the largest publishing companies in the world and the leader in the education market.