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Japan, Australia signal support for AIIB

More than 30 countries have so far signed up for the China-led infrastructure investment bank

Published Fri, Mar 20, 2015 · 09:50 PM

Sydney

JAPAN signalled cautious approval of the China-led Asian Infrastructure Investment Bank (AIIB) on Friday and said for the first time that, if conditions were met, it could join the institution that the United States has warned against.

Australian Treasurer Joe Hockey said there was "a lot of merit" in the bank and the Sydney Morning Herald newspaper reported that Canberra could formally decide to sign up when the full cabinet meets on Monday.

Japan, Australia and the South Korea, all ma…

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