Japan pledges $6 billion to Mekong nations as China prepares new bank


  • World
  • Saturday, 04 Jul 2015

Japan's Prime Minister Shinzo Abe (C) delivers an opening speech as Vietnam's Prime Minister Nguyen Tan Dung (L) and other leaders of Mekong delta nations listen during the Mekong-Japan Summit Meeting at the state guest house in Tokyo, July 4, 2015. REUTERS/Toru Hanai

TOKYO (Reuters) - Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington.

Cambodia, Laos, Myanmar, Thailand and Vietnam all have strong economic growth potential, and are promising destinations for Japanese exporters of railway systems, power plants and other infrastructure.

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