Tag Archives: ” Joins China-led Development Bank (And Then Backs Out)

ZeroHedge – Japan “Wakes Up,” Joins China-led Development Bank (And Then Backs Out) – 31 March 2015

ZeroHedgeIt’s official: the US is on its own when it comes to opposing the China-led Asian Infrastructure Investment Bank (see here for full summary of AIIB developments). We suppose it was only a matter of time, but news that Japan will seek membership in a matter of months will likely still come as somewhat of a surprise to Washington, given the otherwise tenuous relationship between the two countries and considering Japan’s leadership role in the ADB. Nevertheless, the Japanese have apparently come to the same conclusion as Australia and South Korea: not joining simply isn’t an option no matter how loudly the US protests. Here’s more from FT:

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