26.3 C
Port Louis
Sunday, April 21, 2024

Download The App:

Read in French

spot_img

Japan To Invest $75 billion In Indo-Pacific To Tackle China

Must Read

Fumio Kishida, the prime minister of Japan, unveiled a new strategy to advance an open and democratic Indo-Pacific on Monday. Japan promised to spend $75 billion in the region by 2030 through yen loans, private investments, increased aid through formal government assistance, and grants.

He pledged billions of dollars in investments to support economies in the region in areas ranging from industry to catastrophe mitigation.

The strategy he unveiled in India’s capital, New Delhi, is seen as Japan’s attempt to forge closer ties with nations in South and Southeast Asia in order to offset China’s increasing assertiveness there.

Following his talks with Indian Prime Minister Narendra Modi, Kishida stated that Japan wanted Russia’s invasion of Ukraine to end as soon as possible and urged the “Global South,” a collective word for nations in Africa, Asia, Oceania, and Latin America, to “show solidarity”.

According to Kishida, Japan’s new Indo-Pacific strategy has four “pillars”: upholding peace, addressing contemporary global problems in concert with Indo-Pacific nations, achieving global connectivity through various platforms, and guaranteeing the safety of the open seas and skies.

“We plan to expand the cooperation of the free and open Indo-Pacific framework”, Kishida announced in the Indian Council of World Affairs.

“The kind of connectivity where you only rely on one country breeds political vulnerability. We aim to increase the number of options each country has so that they can overcome these vulnerabilities and achieve further economic growth through connectivity,” Kishida said.

In order to strengthen maritime defense and security among like-minded nations, he emphasized growing connectivity between nations and promoting freedom of navigation.

Along with goodwill exercises with ASEAN and the Pacific Islands, we will perform joint maritime exercises with India and the United States, according to Kishida.

The so-called Quad grouping, formed to counterbalance China’s escalating supremacy, consists of Japan, India, Australia, and the United States. The four will take part in the Malabar military wargame, which will take place this year in Australia.

In response to a dominant China, India and Japan have strengthened their alliance in defense and geopolitical matters.

- Advertisement -spot_img

More Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest Articles