Potential AIIB membership would cost Japan US$3b

Tokyo

JOINING the China-led Asian Infrastructure Investment Bank (AIIB) would cost Japan US$3 billion and give it a stake about half the size of its neighbour, according to government estimates in a document obtained by Bloomberg.

Japan's initial contribution would be US$1.5 billion, before doubling when the AIIB raises capital levels, according to the estimate from Tokyo, which is calculated on the size of each member's gross domestic product (GDP). It would be the second-largest stakeholder with 14.7 per cent, behind China on 28.5 per cent, the document shows.