Jul 7, 2015

Finance Ministry appoints Kazuho Tanaka as top bureaucrat

The Finance Ministry on Tuesday announced a reshuffle of its senior officials, with Budget Bureau chief Kazuho Tanaka becoming the top bureaucrat at what is effectively the most powerful government office in Japan. Tanaka, 59, who has also served as the Tax Bureau chief, ...

Why Japan should, or shouldn't, join the China-led AIIB

Jun 5, 2015

Why Japan should, or shouldn't, join the China-led AIIB

When Finance Minister Taro Aso meets with his Chinese counterpart, Lou Jiwei, in Beijing on Saturday, the Asian Infrastructure Investment Bank (AIIB) will loom large in the talks. While 56 nations have so far signed up to the new $100-billion lender being established by ...

G-7 calls for high standards at China-led AIIB

May 30, 2015

G-7 calls for high standards at China-led AIIB

Finance ministers and central bank chiefs of the Group of Seven major industrial nations agreed Friday that the China-led Asian Infrastructure Investment Bank should be managed under internationally competitive standards on lending and other operations. The G-7 call came as the officials wrapped up ...

May 29, 2015

Volatile forex movements undesirable, Aso, Lew agree

The Japanese and U.S. finance chiefs agreed Thursday that volatile movements in foreign exchange markets are undesirable in the wake of the recent fall of the yen’s value against the dollar to a 12½-year low. Finance Minister Taro Aso told reporters after meeting with ...

Apr 17, 2015

Aso says AIIB would benefit from partnership with other lenders

The joint financing of development projects by a planned Chinese-led investment bank and existing institutions like the Asian Development Bank would help to raise standards at the new lender, according to Finance Minister Taro Aso. Aso and U.S. Treasury Secretary Jack Lew held talks ...

Apr 14, 2015

Japan estimates potential AIIB membership would cost ¥360 billion

Joining the China-led Asian Infrastructure Investment Bank will cost Japan about ¥360 billion and give it a stake about half that of Beijing, according to government estimates in a document obtained by Bloomberg. Japan’s initial contribution would be ¥180 billion, before doubling when the ...