It is a bigger investor in the region’s infrastructure projects than China | Finance & economics
Although China’s financial reach overseas attracts enormous attention, when it comes to infrastructure in South-East Asia, Japan is still very much the leader . In total, it has $259bn invested in unfinished projects in Indonesia, Malaysia, the Philippines, Thailand and Vietnam, according to Fitch Solutions, a data provider, compared with China’s $157bn.
While America under President Joe Biden has been forthright about its ambition to challenge China’s Belt and Road Initiative , Japan has been reluctant to frame its pursuit of large infrastructure projects as a contest with China. Still, it is not hard to spot the change in strategy, particularly during former prime minister Abe Shinzo’s period in office.
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