Politics | Mar 20

Japan plans $75 bln investment across Indo-Pacific to counter China

Mar 20 (Reuters) - Japan's Prime Minister Fumio Kishida on Monday announced a new plan to promote an open and free Indo-Pacific, promising billions of dollars in investment to help economies across the region in everything from industry to disaster prevention.

The plan he announced in New Delhi is seen as Tokyo's bid to forge stronger ties with countries in South and Southeast Asia to counter China's growing assertiveness there.

Kishida also said Japan wanted Russia's invasion of Ukraine to end as soon as possible and called on the "Global South", a broad term referring to countries in Africa, Asia, Oceania and Latin America, to "show solidarity" after his talks with Indian Prime Minister Narendra Modi.

Japan pledged $75 billion to the region by 2030 via private investment and yen loans and by ramping up aid through official governmental assistance and grants. ...continue reading

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