Japan still feels uncertain on joining in AIIB

By Leng Cheng | March 27, 2015, Friday |

Online Edition

After South Korea seeks to be the founding member of the Asia Infrastructure Investment Bank, Japan said on Friday it remains cautious about joining in the China-led bank.

“It’s important for the members have discussion over loan cases and ensure debt sustainability to reach a fair governance structure," Japan's Deputy Prime Minister and Finance Minister Aso Taro told a regular news conference on Friday. "Without seeing it clearly, Japan will keep cautious and will not change our stance."

Itoh Motoshige, economics professor at University of Tokyo and the think-tank member of Prime Minister Abe Shinzo’s administration, told Shanghai Daily yesterday that Japan will follow the decision of the US as the state values its relationship with its ally.

“Japan still needs time to judge how AIIB functions as a global organization and to what extent it could take its responsibility," Itoh told Shanghai Daily through an email, adding that the US is doing the same.

South Korea said on Thursday it has decided to seek to be a founding member of the AIIB. Of the 16 countries in talks for the Regional Comprehensive Economic Partnership that include key members of Asia, Japan is the only one that doesn’t have a firm stance to join the AIIB. Others said they will join the AIIB or at least actively mulling the option.

Japan said it will postpone its announcement on whether to join the China-led AIIB, and plans to make a final decision by the end of June.

The Asian Development Bank, the existing regional bank led by Japan, said on Tuesday that it's ready to collaborate with the AIIB if it meets environmental, social and other standards for lending.

"I think AIIB is a potential partner, not rival," said president Nakao Takehiko, "We can complement each other."

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Japan still feels uncertain on joining in AIIB

Email this to your friend