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in News, World

Japan announces $75 billion new plan to counter China in Indo-Pacific

The plan is being seen as Tokyo’s bid to forge stronger partnerships with countries in South and Southeast Asia to counter China’s growing assertiveness.

by Ashish Ranjan March 20, 2023, 5:42 PM 12 Views

Prime Minister Fumio Kishida of Japan unveiled an expansive new plan for an open and free Indo-Pacific on Monday, pledging billions of dollars to assist regional economies in everything from industry to disaster prevention.

The plan announced in New Delhi is interpreted as Tokyo’s effort to cultivate stronger partnerships with South and Southeast Asian nations in order to counter China’s growing assertiveness.

Kishida stated that the new plan for a free and open Indo Pacific consisted of “four pillars”: maintaining peace, addressing new global issues in cooperation with Indo-Pacific nations, attaining global connectivity through various platforms, and ensuring the safety of the open seas and skies.
Kishida pledged $75 billion to the Indo-Pacific by 2030 through private investments, yen loans, and an increase in official government assistance and grants.