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INTERNATIONAL > East Asia & Pacific

GOJ to assist firms in China’s “One Belt, One Road” initiative

  • November 28, 2017
  • , Yomiuri
  • JMH Summary

Yomiuri led with the GOJ’s planned contributions to China’s “One Belt, One Road” (OBOR) initiative. Japan is likely to support the initiative in such sectors as the environment and product distribution. Specifically, Tokyo is expected to assist Japanese and Chinese companies in financing solar and windmill power generation projects and the construction of industrial complexes in Southeast Asian countries bordering the Chinese-proposed economic Silk Road. The GOJ is hopeful that its willingness to back President Xi’s key economic development initiative will further improve ties with Beijing and elicit its cooperation in reining in North Korea’s nuclear and missile ambitions.

 

Tokyo is also keen to realize a proposed trilateral summit in Japan with China and South Korea in the near future. However, the GOJ is cautious about assisting the development of harbor facilities in the OBOR initiative since China is anxious to expand its maritime presence in the South China Sea and the Indian Ocean.

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