Nov
22

Abe Touts Streamlined Loans as China’s AIIB Gets Set to Lend

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Japanese PM Abe at ASEAN Business and Investment Summit in Malaysia

Japanese Prime Minister Shinzo Abe speaks during the second day of the ASEAN Business & Investment Summit in Kuala Lumpur, Malaysia on Nov. 21.

Photographer: /Getty Images
  • Japan aims to cut loan approval time by as much as half
  • ADB and Japan to make $110 billion of loans in next 5 years

Prime Minister Shinzo Abe is beefing up Japan’s role as a provider of infrastructure and finance in Asia just as the Chinese-backed Asian Infrastructure Investment Bank prepares to make its first loans.

Japan aims to halve the time it takes to get a development loan and make it easier to obtain funds, Abe told business leaders on Saturday on the sidelines of an Association of Southeast Asian Nations meeting in Kuala Lumpur. He reiterated that Japan and the Asian Development Bank — which the country backs — would seek to provide $110 billion of infrastructure funding in Asia over the next five years…

Abe Touts Streamlined Loans as China’s AIIB Gets Set to Lend

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