Japan plans $75-B investment across Indo-Pacific to counter China

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Japan‘s Prime Minister Fumio Kishida announced a new plan to promote an open and free Indo–Pacific, promising billions of dollars in investment to help economies across the region in everything from industry to disaster prevention. | Reuters

and yen loans and by ramping up aid through official governmental assistance and grants.framework,” Kishida told the Indian Council of World Affairs.

He emphasized the increasing connectivity among countries and promoting freedom of navigation, with an eye on increasing maritime defense and security among like-minded countries.and rapidly modernized its navy while promoting its Belt and Road Initiative. “The kind of connectivity where you only rely on one country breeds political vulnerability,” Kishida said.

“We aim to increase the number of options each country has so that they can overcome these vulnerabilities and achieve further economic growth through connectivity,” he added.“We will conduct joint maritime exercises with India and the United States, as well as goodwill exercises with Asean and the, India, Australia and the United States are members of the so-called Quad grouping, created to balance’s growing dominance.

 

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