Taiwan to Join China-Led Regional Bank, Japan Says Not Now

March 31, 2015 9:01 AM

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Taiwan to Join China-Led Regional Bank, Japan Says Not Now

(TOKYO) — Japan has no plan as of now to join the China-led Asian Infrastructure Investment Bank, its government spokesman said Tuesday, while Taiwan announced it would apply for membership, joining dozens of countries in signing up to an initiative opposed by Washington.

Chief Cabinet Secretary Yoshihide Suga told reporters that Japan, the world’s No. 3 economy, is still seeking answers about how the regional financing institution would be governed. “As of today, Japan will not join AIIB and a clear explanation has not been received from China,” Suga said.

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