Japan to earmark US$100b for Asian infrastructure: report

Tokyo

JAPAN will announce a US$100 billion plan to invest in roads, bridges, railways and other building projects in Asia, a report said on Tuesday, weeks after China outlined its vision for a new infrastructure development bank in the region.

In the latest twist of a tussle for influence in the fast-growing region, Prime Minister Shinzo Abe is set to unveil the five-year public-private partnership this week, Jiji Press reported.