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China-Japan-Koreas
Japan pledges massive rescue package
2009-01-31
JAPAN will give Y1.5 trillion ($25.54 billion) in development aid to other Asian countries for infrastructure projects to battle the economic crisis, a top government official says.

Prime Minister Taro Aso will announce the package in a speech to the World Economic Forum today, Mr Aso's press secretary Kazuo Kodama said. "The Prime Minister will announce that Japan will provide official development assistance of no less than 1.5 trillion yen in total in order to help Asian countries to build infrastructure,'' he said.
Said infrastructure to be provided exclusively by Japanese companies ...
Aso is also to suggest an end to the blame-game surrounding the economic crisis after Russian prime minister Vladimir Putin and Chinese premier Wen Wen Jiabao made forceful speeches here pointing the finger at the United States. "We will say that we have no time to engage in a blame-game which is counterproductive and is in noone's interests,'' Mr Kodama said.

Global imbalances, he will stress, are the result of over consumption in the United States but also under-consumption and over-reliance on exports in major exporting countries such as Japan and China. "Countries must shed their dependence on external demand,'' he will say, according to his spokesman.

Elsewhere, Mr Aso is also to announce a new emissions plan for the country and will reiterate a pledge by Japan made last November to lend $US100 billion ($153.4 billion) to the International Monetary Fund.
Posted by:tipper

#1  "Said infrastructure to be provided exclusively by Japanese companies ..."

Works for me.
Posted by: Barbara Skolaut   2009-01-31 14:35  

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