Staying out of AIIB talks a blunder by US, Japan: chief of opposition DPJ
Tokyo
THE leader of the main political opposition party in Japan has charged that the United States and Japan have committed a major "diplomatic blunder" by sitting out the chance to become founder members of the Asian Infrastructure Investment Bank (AIIB).
Tetsuya Okada of the Democratic Party of Japan (DPJ) said on Monday that the confusion over how to respond to the launch of the China-led AIIB was "symptomatic of the declining power of the US"; in Japan, it was the result of prime minister Shinzo Abe's Cabinet leaving the matter to two competing ministries, rather than involving itself directly in it.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Japan may introduce tax breaks to spur repatriation into yen: Sankei
Asset owners can’t afford to sidestep sustainability
Japan should leave the yen bazooka at home
South Korea’s export growth picks up, supporting outlook
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022