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FX.co ★ Japan unveils massive $110 billion plan for Asia’s infrastructure to counter China

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Forex Humor:::2015-05-27T16:08:00

Japan unveils massive $110 billion plan for Asia’s infrastructure to counter China

While the Chinese government is trying to find investors around the world to launch a new development bank with $100 billion capitalization, the Japanese authorities are going to provide $110 billion for infrastructure projects in Asia. Confrontation for dominance in the region is over, as long as the Chinese were looking for business sponsors to establish the Asian Infrastructure Investment Bank, the Japanese offer potential recipient countries to take advantage of high-quality support measures. A new financial structure exceeds not only the Chinese counterpart but also the existing Asian Infrastructure Investment Bank in which Japan is a founding member. Moreover, 57 countries are involved in the Chinese project, which makes it difficult to come to key decisions. Japan plans to focus on high-tech projects. For example, if China only offers the high road or railway construction, Japan will be able to develop the environmental protection plan. This approach is aimed at distancing from the Chinese AIIB and it is, simultaneously, a direct attack against China. The Japanese Prime Minister Shinzo Abe confirmed the intention of healthy increase of investment volume at the meeting with public authorities and experts from different Asian regions. According to the politician, inflows into infrastructure projects will be increased by 30 percent.

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