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Japan to keep IMF's No. 2 shareholder status even after quota reform

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What a joke, "International rules based order", unless the US doesn't like the outcome. Independently minded countries, many in the global south, see this for what it truly is.

Just a reminder, the Chinese economy is now 4 times the size of Japan's, and that's not even counting Hong Kong.

1 ( +4 / -3 )

Japan needs the IMF more than any country does. I don't think China wanna to expand too much in IMF. The 0.1% was not a big difference and that margin was symbolic and everyone knows why, because of "Saving Face" !

0 ( +2 / -2 )

deanzaZZRToday 07:11 am JST

What a joke, "International rules based order", unless the US doesn't like the outcome. Independently minded countries, many in the global south, see this for what it truly is.

Just a reminder, the Chinese economy is now 4 times the size of Japan's, and that's not even counting Hong Kong.

You got your investment club. China would be in charge of everything if it's weight were taken into account. The global south doesn't need another irresponsible lender like BRI.

-1 ( +1 / -2 )

The global south doesn't need another irresponsible lender like BRI.

NO! The fact is otherwise, the global south don't trust IMF or any financial institution lead by the West or US now. After the "Israel Palestine war 2023", many third world countries wake up from their dream, the IMF is not worth to trust if your stance is not keep in line with America's biased views. Although political issue is not related but still it is a very big risk if a third world country not saying the same story like the West does, like being a puppet begging for money to relief and great humiliation. China is always a good country for global south countries to trust and rely on without those harsh policies implied !

-1 ( +0 / -1 )

elephant200Today 07:50 am JST

The global south doesn't need another irresponsible lender like BRI.

NO! The fact is otherwise, the global south don't trust IMF or any financial institution lead by the West or US now. After the "Israel Palestine war 2023", many third world countries wake up from their dream, the IMF is not worth to trust if your stance is not keep in line with America's biased views. Although political issue is not related but still it is a very big risk if a third world country not saying the same story like the West does, like being a puppet begging for money to relief and great humiliation. China is always a good country for global south countries to trust and rely on without those harsh policies implied !

That's just another way of saying "no standards implied". And if China's loan terms are so above board, they can publicize them like a normal country rather than trying to keep populations and other lenders in the dark.

-1 ( +0 / -1 )

Japan possibly paid a dirty bribe to the IMF bureaucrats to stay relevant. However, I don't think the method will stay for long because the IMF will eventually reform its systems anyway.

China also has other businesses to take care for now, and it doesn't care much about IMF.

-2 ( +0 / -2 )

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