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Japan, China in race to finance building of Asia's infrastructure

Abe's new funding bid competes directly with what China's Asia Infrastructure Investment Bank will do

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Mr Abe called for quality and quantity in Asian infrastructure provision, given the amount of financing the region needs. He also said the new scheme will launch a mechanism to supply funds for projects with a relatively higher risk profile through the Japan Bank for International Cooperation.

Tokyo

SOMETHING approaching "infrastructure wars" have broken out between Japan and China.

This arises from the intense competition between the two countries to provide for Asia's infrastructure financing needs: Japan is the leading shareholder in the Manila-based Asian Development