Tuesday, March 31, 2015

Reuters -- Taiwan, Norway seek to join China-backed AIIB, Japan still cautious



Business | Tue Mar 31, 2015 2:48am EDT

TOKYO/TAIPEI
China's President Xi Jinping (front C) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing October 24, 2014. REUTERS/Takaki Yajima/Pool

China's President Xi Jinping (front C) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing October 24, 2014.

Reuters/Takaki Yajima/Pool

(Reuters) - Japan remains cautious about signing up to the China-led Asian Infrastructure Investment Bank (AIIB), indicating that Tokyo will miss the March 31 deadline for application, but both Taiwan and Norway said they would seek to join the institution.

Finance Minister Taro Aso reiterated Japan's concerns about governance at the AIIB, its debt sustainability and environmental and social safeguards.

"Unless these conditions are secured, Japan has no choice but to be very cautious about joining," Aso told reporters after a cabinet meeting.

 

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