外文标题：Japan unveils massive $110 billion plan for Asia’s infrastructure to counter China
TOKYO: Japan's Prime Minister Shinzo Abe announced on Thursday a $110 billion investment plan for infrastructure projects in Asia in an apparent counter to China's move to launch a new development bank.
Abe said in a speech in Tokyo that Japan and the Asian Development Bank (ADB) will boost their assistance by 30 per cent to offer the massive investment aid under a five-year public-private partnership vision.
"By attracting diverse funds, we hope to bring changes to Asia," Abe said in prepared remarks, in the latest twist in the tussle for influence in the fast-growing region.
"In the long run, we'd like to spread quality infrastructure and innovative infrastructure in Asia," Abe said, according to Kyodo News.
The sum is just slightly higher than the expected $100 billion capital of the Asian Infrastructure Investment Bank (AIIB) that Beijing and more than 50 founding member states are establishing.
Sushil Gupta (Unknown)
Japan is much more reliable then china
India must bring huge investment offer from Japan to counter China in future
It is good to see a healthy competetion among multilateral development finance agencies to finance projects in Asia that should help these countries to speed up implementation of infra projects held up for want of funds.and this competetion will also mean that these agencies do not impose unreasonable conditions and dictate terms on the borrowers
It is good for ASIA
Japan is waking up. Japan is realizing that its place is in Asia. I suspect it is too late.
We can trust more japanese compared to dragon chaina ... chinese always double standard.
Arasu Palanisami (Pollachi)
It is fitting answer to chinese neo imperialism and india should support Japan whole heartedly.
Japanese are far more advanced than chinks who only duplicate. Japanese are also well cultured and show great respect to people......they should be treated as true friends of India and not chinks.
Battle of the regional powers...
Sri Sri (India)
INDIA WILL JOIN JAPAN BANK.
Ayush Jha (Unknown)
India has a big chance to take advantage of this tussle between the two economic giants.