politics

Japan pledges Y750 bil to Mekong nations as China prepares new bank

19 Comments
By Kiyoshi Takenaka

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© (c) Copyright Thomson Reuters 2015.

©2021 GPlusMedia Inc.


19 Comments
Login to comment

i have to be honest that out of all those around china countries that could have the greatest economic gains are india, pakistan and bangladesh. simpl lots of people to employ and lots of resources to get hands on. but its good china is helping the region at developing in faster pace. oh and i ve never heard japan mention about environment when aiding people

high-quality and environmentally friendly infrastructure projects

0 ( +1 / -1 )

Japan should stay far away from the TPP and man up and join the AIIB, and get a chance to gain from all the infrastructure construction that is going to happen in S Asia in the next couple of decades. Japan has not joined to US pressure, and maybe if China understands this, Japan can join later without any problems.

1 ( +4 / -3 )

I thought we were broke?

Still no doubt there will be all due oversight to make sure this money is properly used, and none of it disappears into the pockets of corrupt politicos.

I'm probably worrying overmuch. Whoever heard of bad governance in Laos, or Cambodia, or Myanmar? The very models of immaculate trustworthiness.

4 ( +6 / -2 )

ahhh...Fukushima still forgotten. Poor people. They need to get angry.

I bought Fukushima peaches today. Excellent.

Why are my taxes being spent overseas?

6 ( +8 / -2 )

ahhh...Fukushima still forgotten. Poor people. They need to get angry.

If you mean the nuclear evacuee's who are receiving ¥100,000 per person per month in support payments and more than 80% have also received compensation of more than ¥10 million on average and free accommodations, compared with the other victims and survivors in Iwate and Miyagi who also lost their homes and communities who haven't received the monthly support payments or compensation but 350,000 did get emergency and temporary accommodations but those figures have dropped to less than 50,000.

The cost of the reconstruction of Tohoku runs into many trillion of yen. The Tokyo government set aside ¥6.5 trillion to cover the costs of the next five years. Local governments of Iwate, Miyagi and Fukushima will pay ¥22 billion of that. To date all the reconstruction costs have been paid by Tokyo. ¥3.4 trillion is for rebuilding homes and communities damaged by the disaster. ¥500 billion for work at the nuclear ground zero and a further ¥400 billion for supporting the nuclear evacuee's.

Original there were about 150,000 nuclear evacuee's but the numbers living in Fukushima have dropped to as of Mar.2, 2015, 73,077. Outside, 43,735. Unknown , 50. Total, 118,862.

The money to the Mekong nations is development aid and not a free gift and in someway will have to be paid back.

2 ( +3 / -1 )

¥750bn here, ¥600bn there. Meanwhile, the country is goimg bankrupt. But hey, who's counting?

2 ( +4 / -2 )

Sweeteners, so they can get their ODA sponsored highways (aka; logging roads) and dams built by Japanese construction firms - deeper into the rainforests there.

2 ( +3 / -1 )

So, explain to me again why there's no money for pension?

0 ( +0 / -0 )

So, they have all this money to give to other nations, but we're told that taxes here have to go up to cover costs because there is no money?

1 ( +4 / -3 )

What is Abe trying to do?

Beat GW Bush in the "how to bankrupt your country" stakes?

3 ( +4 / -1 )

According to the OECD the countries giving the highest amounts of ODA are 1.USA $32 billion. 2.United Kingdom $18 billion. 3.Germany $14 billion 4.Japan $12 billion. The EU gives the greatest amount at $87 billion.

1 ( +2 / -1 )

it never work when you do things in reaction, Japanese should have their own policy ahead of china, which they do not have, what they do? they just chasing china

5 ( +5 / -0 )

Cambodia, Laos, Myanmar, Thailand and Vietnam all have strong economic growth potential, and are promising destinations for Japanese exporters of railway systems.

Said without the slightest hint of irony. Eric Lomax must be rolling over in his grave.

-1 ( +1 / -2 )

@Zich: So your facts justify the increase in the sales tax as a regressive tax so money can be given to other countries and paid back slowly with interest?

That is shameful and an insult to all the rest of us here. Our taxes should not keep rising such as Kaigo, and food and other staples of life should not be taxed at all.

You write and express things as if you have a lot of spare change and it does not affect you. Lucky You, Abe and the others in charge name dropping and figure calculating. Congrats. Paint a pretty picture of it. Thanks

-2 ( +2 / -4 )

A country like Japan that has hundreds of billions of Yen to give away to various countries and to host a summer Olympics doesn't have financial problems. No need to raise the consumption tax further.

0 ( +1 / -1 )

Yelnats

The politics and economics of government are more complicated than for you to think the 3% increase in sales tax was so that Tokyo could issue ODA. Japan does not live in isolation, and is a member of the international community and required to help countries to develop.

I don't know which country you hail from but the level of sales tax is one of the lowest in the developed and industrialized countries.

Its impossible to agree with all the spending made by Tokyo, or any other government. Some will object to ODA, others to the trillions for the Tohoku reconstruction or trillions for the nuclear ground zero, or the billions in subsidies to the whaling industry, or the money paid to the UN.

The more the countries of this region develop the better for Japan will lead to more jobs and more earnings. If countries are not developed that could go into reverse eventually needing charity aid.

No I don't have spare cash and like all others, we all hate to pay any taxes but then if we didn't we would be complaining about what we have now, like education for our children but wouldn't have if we were free of all tax burdens.

2 ( +3 / -1 )

Where is the money coming from?

0 ( +0 / -0 )

ThePBot

Where is the money coming from?

The printing presses, of course?

0 ( +0 / -0 )

zichi

"According to the OECD the countries giving the highest amounts of ODA are 1.USA $32 billion. 2.United Kingdom $18 billion. 3.Germany $14 billion 4.Japan $12 billion. The EU gives the greatest amount at $87 billion."

And exactly where are China, Korea and Canada, the world's richest and most powerful nations on the entire universe????

Yeah, right they have their citizens and sympathisers living it comfy in Japain, yet badmouthing it on a daily basis.

"So, they have all this money to give to other nations, but we're told that taxes here have to go up to cover costs because there is no money?"

Japan can do whatever Japan wants with Japan's money. Especially if foreigners object to it.

-2 ( +1 / -3 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites