Posted on 03/31/2015 2:41:52 PM PDT by Olog-hai
Japan is not planning to join the China-led Asian Infrastructure Investment Bank, its government spokesman said Tuesday, while Taiwan announced it would apply for membership, joining dozens of countries in signing up to an initiative opposed by Washington.
Chief Cabinet Secretary Yoshihide Suga told reporters that Japan, the world’s No. 3 economy, is still seeking answers about how the regional financing institution would be governed. “As of today, Japan will not join AIIB and a clear explanation has not been received from China,” Suga said.
The U.S. has found itself isolated in its resistance to the bank, with more than 40 countries including major allies in Asia and Europe moving to join. …
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