The biggest commercial bank in Japan is one of the latest Asian lenders to consider a ban on funding for new coal-fired power stations. Asian banks are recognizing the global threat from climate change and pulling back financing for the world's most carbon-intensive energy source, Nikkei reports.
As this year's host of the Group of 20 countries, Tokyo is taking the opportunity to push a novel idea: quality infrastructure investment, or QII, reports the Nikkei Asian Review.
ASEAN members plus China, Japan and South Korea agreed to create a framework insuring private funding for infrastructure projects of up to $1.5 billion under a new program to be called the Infrastructure Investors Partnership, reports Nikkei.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
If China's push to build a massive, continent-spanning economic zone is to yield true benefits for all involved, Beijing must shift its policy course and embrace internationally accepted norms for the BRI, reports the Nikkei Asian Review.
Japan's Prime Minister Shinzo Abe and Italian PM Giuseppe Conte agreed to uphold Japan's four conditions for high-quality infrastructure during a bilateral summit in Rome. Italy recently signed on to China's Belt and Road Initiative, sparking concerns the country would fall prey to "debt-trap diplomacy," reports Nikkei.
Japan's Prime Minister Shinzo Abe will visit Slovakia later this month, where he plans to offer Eastern European leaders Japanese-financed infrastructure investments. Abe is expected to raise concerns about China's so-called debt-trap diplomacy, presenting Japan's approach as an alternative to the Belt and Road Initiative, reports Nikkei.
China's foreign minister Wang Yi pressed the Japanese government to reverse a ban on Huawei from competing for Japan's 5G procurement contracts. This development comes as the Chinese government steps in to defend Huawei against a campaign by the United States pushing allies to exclude the company's equipment from their 5G networks out of national security concerns, reports Nikkei.
Major Japanese companies across industrial sectors are signing partnerships with Japanese telecommunication firms to develop products and services that make use of the super-charged national 5G network, set to open in 2020. The Japanese government is encouraging these partnerships, claiming that 5G will be the "basic infrastructure" of the 21st century, reports Nikkei.
Philippine President Rodrigo Duterte will visit Japan in late May to discuss infrastructure projects the Japanese government is supporting in the Philippines, including the country's first-ever subway line in Manila. Duterte has also recently confirmed through a spokesman that he will attend April's international Belt and Road conference in Beijing, reports the Nikkei Asian Review.
Japan plans to propose new guidelines on development assistance, tentatively titled the "G-20 principles on quality infrastructure investment,” when it hosts the Group of 20 summit in June. The proposal, which will frame anti-corruption and fiscal sustainability as key principles of infrastructure investment, is seen as an attempt to check China’s Belt and Road Initiative, reports Nikkei.
The Philippines held a groundbreaking ceremony for the country's first subway line under President Rodrigo Duterte's infrastructure push. The Japanese government is giving full backing to the project. The design and construction work will be implemented by a four-member consortium of Japanese contractors, reports the Nikkei Asian Review.
The U.S.’ new infrastructure strategies must not only respond to China’s Belt and Road Initiative, but also consider the complex landscape of overlapping initiatives already on offer in the Indo-Pacific.
Taking effect Friday, The economic partnership agreement between Japan and the European Union incorporates wide-ranging regulations on data transfer and intellectual property protection. The trade deal could help establish precedent for the digital field, Nikkei reports.
In an effort to provide an alternative to China's Belt and Road Initiative, Japan will help build "smart cities" across Southeast Asia, using artificial intelligence and networked devices to tackle problems like road congestion and energy conservation, reports the Nikkei Asian Review.
Reconnecting Asia tracks infrastructure developments across Eurasia, a vast landmass that includes 60 percent of the global economy. Every day, new infrastructure projects are announced, some are advanced, and others encounter obstacles. Here is a selection of projects and trends we will be watching in 2019.
The French government recently informed Tokyo of plans to freeze a fast reactor joint project amid rising uranium reserves, which threatens to make redundant Japan's long-standing policy of recycling spent nuclear fuel.
Tokyo Gas and China National Offshore Oil Corporation both partnered with Filipino companies to compete for the building of the Philippines' first liquefied natural gas terminal. Though Japan and China's leaders agreed to jointly advance third-country infrastructure projects, companies have not been able to shift from competition to collaboration in the field, reports the Nikkei Asian Review.
East Japan Railway unveiled a cutting-edge shinkansen bullet train that is expected to slash the travel time between Tokyo and Sapporo by nearly 40 percent when the route goes into service in 2030.
Indian cities are vastly expanding their subway networks to reduce road congestion and gasoline consumption. The Delhi Metro is expected to reach 378 kilometers of track this year, catching up with New York--the world's fourth-largest subway system.
Japan's government has decided to spend over $26.5 billion on infrastructure repairs through March 2021 after identifying 132 existing infrastructure problems at airports, along rivers, at hospitals and with the power grid.
A Japan-led consortium is set to abandon a Turkish nuclear power project that had been touted as a model for Tokyo's export of infrastructure. The delayed project's construction costs have doubled to around $44 billion, making it difficult for lead builder Mitsubishi Heavy Industries and its partners to continue with the plans.
Japan's Kawasaki Heavy Industries has created a floating, gas-fired power plant that it hopes to sell to power companies in rapidly growing economies in Asia and as an emergency source of power in areas hit by natural disasters where infrastructure remains underdeveloped, reports the Nikkei Asian Review.
Japan and several other members of the Asia-Pacific Economic Cooperation forum will propose updating the "APEC Guidebook on Quality of Infrastructure Development and Investment" to include new rules that take into consideration the financial sustainability and transparency of infrastructure debt.
Japan will send experts from Kyushu Railway Co. and Japan Freight Railway Co. to Malaysia later in the month to study ways to improve the country's railway transportation system.
China is starting to build its largest offshore wind-power facility in the latest move in an accelerating shift in Asia away from solar to wind and other renewable energy sources.
Japanese Prime Minister Shinzo Abe and Indian counterpart Narendra Modi agreed to collaborate on infrastructure, such as port and road projects in third countries like Sri Lanka, Myanmar, and Bangladesh.
Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping agreed to accelerate cooperation on overseas infrastructure projects and finance as a symbol of their revamped ties.
Japan plans to stop offering development aid to China after nearly 40 years, seeking instead to establish a framework for the two countries to cooperate as equal partners on infrastructure and other projects in developing countries.
A Japanese-led consortium of international banks will jointly lend $1.31 billion for a thermal power station in West Java, Indonesia fueled by liquefied natural gas.
Japan drafted a plan to offer greater assistance for infrastructure development overseas ahead of a key summit with China next week, as it prepares to pursue joint projects with Beijing in third countries, reports the Nikkei Asian Review.
The Japan Bank for International Cooperation and the European Investment Bank will collaborate to extend loans for infrastructure projects in the Middle East and Africa, in an apparent effort to offer an alternative model to China's Belt and Road Initiative and U.S. protectionism, reports the Nikkei Asian Review.
Prime Minister Narendra Modi aims to launch India's first high-speed railway by August 2022. Faced with challenges in domestic procurement and land acquisition, project leaders are considering a partial opening to coincide with the 75th anniversary of India's independence.
The leaders of Japan and five Southeast Asian countries agreed to adopt a new policy that pushes forward more than 150 projects in the Mekong region using official development assistance from Japan.
Saudi Arabia has shelved a $200 billion plan to build a 200GW solar farm with Japan's SoftBank Group.
Japan’s Nippon Express will begin offering regular freight train shipping between China and Europe in February, as China’s Belt and Road Initiative accelerates the transfer of goods between the two markets, reports the Nikkei Asian Review.
China and Japan announced plans to sign dozens of agreements on infrastructure and other projects when Japanese prime minister Shinzo Abe visits China next month.
Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe met at the Eastern Economic Forum in Vladivostok, Russia this week. Both leaders decided to further pursue collaboration on infrastructure projects during Abe’s visit to Beijing next month, the first bilateral visit by a Japanese Prime Minister to China since 2011.
Japan's infrastructure and transport ministry is seeking a record-high 19 percent budgetary increase for the upcoming fiscal year to fund domestic infrastructure improvements. The upgrades are expected to help cope with natural disasters such as typhoons, torrential rains and earthquakes.
Japan and China are moving ahead with plans to cooperate on overseas infrastructure projects, with a public-private committee scheduled to hold its first meeting in Beijing.
Malaysian Prime Minister Mahathir claims that Chinese leaders have accepted his government's request to stop three China-backed infrastructure projects due to debt concerns.
China and Japan agreed Thursday to encourage deeper economic cooperation in the private sector and to launch a public-private committee to advance joint infrastructure development in the region as part of Beijing's Belt and Road Initiative.
Japan estimates it will cost $2.39 billion to rebuild critical infrastructure destroyed in floods earlier this month, straining an already overstretched government budget.
Japanese companies look to the Belt and Road Initiative as a source of new business opportunities, participating in construction, logistics, shipping, and energy projects.
Executives from the ADB and AIIB converged on The Future of Asia conference in Tokyo to discuss how their banks complement, rather than compete with one another.
Malaysian prime minister Mahathir Mohamad has asked Japan for yen-denominated loans as Kuala Lumpur seeks to pare down its hefty debt load of $272 billion, 80 percent of total GDP, which has been blamed on the previous government for corruption and lavish spending on infrastructure projects.
Japan will offer new loan terms to more businesses with an eye toward its 2020 target of $272 billion in infrastructure exports. The new government infrastructure policy expands low-interest loan eligibility to businesses where Japanese companies have stakes as low as 20 percent.
This report highlights recommendations on how the U.S. might effectively engage Southeast Asia's infrastructure challenges to foster greater stability and financial integration in the region.
Malaysia has canceled plans for a $14.8 billion high-speed rail project that would have connected Kuala Lumpur with Singapore.