We need to spread innovation to every corner of Asia. There is no room for cheap and subpar. Japan is determined to play a major role in providing funds so the preference for innovative projects takes roots in Asia.
Japan will raise infrastructure investment in the AIIB-rival ADB by 30%, or $110 billion over 5 years, Abe said May 21. On May 20, the World Bank announced loans for infrastructure worth up to $12 billion to Indonesia. Neither Japan nor the U.S. are members of China's AIIB.