Japan promises $3 bil in funding to ASEAN nations from 2020


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Investment and loans = Marketing and Promotion for products made by Japanese companies. JICA have been doing this for years with pharmceuticals and white goods companies. Makes sense...

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Trouble is that China has been doing it at a faster pace and for much longer.

I feel the horse has already fled the barn.

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Guess who is funding this at the end of the day? You and me. Think about what else you could have used the $3 billion for (or even the $1.2 JICA portion)? We are also assuming this “loan” will get paid back. And now the recent article about IMF suggesting a much higher sales tax....

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