Bank of Japan Gov. Haruhiko Kuroda said Tuesday various international entities, including a newly created Chinese-led investment bank, are a welcome addition to infrastructure building in Asia amid the region's robust demand.
Speaking in Yokohama, Kuroda said it is "good" that the Chinese-led Asian Infrastructure Investment Bank, which is often cast as a rival to the Japanese- and U.S.-led regional development bank, has attracted many members from Asia and beyond.
"It's simply not possible for the ADB and the World Bank to fill the gap completely (in infrastructure development in Asia)," Kuroda said during a question-and-answer session after his speech.