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Japan government earmarks US$3bil in funding for Asean

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Tokyo (ANN): The Japanese government intends to provide members of the Association of Southeast Asian Nations (Asean) with a total of about US$3bil (¥330bil), in public and private investments and loans over three years from 2020, for such purposes as the development of quality infrastructure there, it was announced on Tuesday (Dec 3).

The government is placing importance on Asean member nations to realise the idea of"a free and open Indo-Pacific.”

In addition to infrastructure development, the government hopes to award investments and loans in fields where there is strong need in the Asean nations, including the support of female entrepreneurs and micro enterprises as well as renewable energy development. The investment and loan programme was announced on Nov 4 by Prime Minister Shinzo Abe as a new initiative during the Japan-Asean Summit in Bangkok.

 

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