Leaders of the Group of Seven industrial nations discussed a new Chinese-led Asian investment bank at a summit on Sunday, with Japanese Prime Minister Shinzo Abe underlining the need to address issues like corruption, his spokesman said.
While 57 countries, including G7 members Britain, Germany and France, have joined the Asian Infrastructure Investment Bank (AIIB) as founding members, Japan and the United States have stayed out of a venture seen as a rival to the U.S.-dominated World Bank and Japan-led Asian Development Bank (ADB).
Tokyo is, however, keeping its options open.
Abe’s spokesman, Yasuhisa Kawamura, told reporters at the G7 summit in the Bavarian Alps that Japan would not say whether or not it would join the bank until China had tackled concerns about human rights, debt sustainability, environmental protection and governance.
The original article can be found at www.reuters.com