(Nikkei: October 16, 2015 – p. 4)
The president-designate of the China-led Asian Infrastructure Investment Bank said he plans to visit Japan early next year. He disclosed this plan during his meeting with Komeito leader Natsuo Yamaguchi in Beijing on October 15.
“We want to build a partnership with the Japanese business community to work together on infrastructure projects,” said Jin Liqun. “I’m looking to exchange opinions with a range of stakeholders, including the government, political parties, and businesses.”
Yamaguchi responded by calling on Jin to ensure transparency in operations. “The AIIB should play a cooperative role, not function as an exclusive or competitive player against the Asian Development Bank,” he said. “I hope for the establishment of governance that puts many countries at ease.
Jin noted: “I understand some people in Japan are concerned about the AIIB’s governance, but once our direction becomes clear, we will be able to win the assurance of Japanese politicians.” He continued, “China and Japan should cooperate with each other in a forward-looking manner, and I hope to win clear support from Japan in the near future.”
The AIIB will be officially launched at the end of the year. Jin said the bank plans to make inaugural investments from the April-June quarter next year, with a particular focus on projects spanning power generation, road construction, water supply, renewable energy, railways, ports and airports, the distribution of goods, and power development in rural areas. He said the bank will “seriously consider” recruiting Japanese as staff members.