A Japanese media company is planning to open a bureau in Mexico City this year.

Latino Fox News reported that Japan's Nikkei has revealed on Sunday that it will establish an office in Mexico's capital as part of its plan to expand to other parts of the world.

It noted that the bureau in Mexico City will be their 37th in the world and is the first since the media company acquired the Financial Times last year.

The Japanese company is said to be the first media outlet from the country to have a bureau in Mexico. Latino Fox News said this local agency will be the base for reports on Central America and the Caribbean.

The same report mentioned that Nikkei is one of the biggest sources of business news in Asia and is also among the largest media companies in Japan, which also specializes in finance and industry.

In October, the 127-year-old Financial Times was sold by Pearson to Nikkei for $1.3 billion.

The Guardian mentioned that Pearson decided to sell the newspaper company, which they acquired in 1957, to focus on their educational publishing business in the United States.

"Education and journalism are both great and noble callings but they are not the same thing and require different skills, capabilities and intensity of focus," said Pearson head John Fallon.

Meanwhile, a separate report from The Guardian also noted that Nikkei's acquisition of the Financial Times was a great match for their company.

"Our motto of providing high-quality reporting on economic and other news, while maintaining fairness and impartiality, is very close to that of the FT. We share the same journalistic values," said Nikkei chief executive Tsuneo Kita.

Founded in 1876, Nikkei reportedly has a combined daily circulation of 2.7 million and has about 430,000 digital subscribers. Latino Fox News said it is now the No. 4 newspaper in Japan and the top in business reporting and publication.

Five years ago, the New York Times said that Nikkei has started requiring its readers to pay when visiting its website. This came with the restriction of links on its articles.

The company noted that the change in rules, especially the link restriction, is aimed at making sure that the pay wall of the website will not be breached.

"In some cases, links to individual stories could lead to stories being manipulated for a purpose other than journalism, for example to promote a certain stock. There is a danger this could inaccurately affect financial markets," Nikkei earlier said.