Japan's Prime Minister Fumio Kishida on Monday announced a new plan to promote an open and free Indo-Pacific, promising billions of dollars in investment to help economies across the region in everything from industry to disaster prevention.
The plan he announced in New Delhi is seen as Tokyo's bid to forge stronger ties with countries in South and Southeast Asia to counter China's growing assertiveness there.
Japan pledged $75 billion to the region by 2030 via private investment and yen loans and by ramping up aid through official governmental assistance and grants. China has ramped up its military presence in the Indo-Pacific and rapidly modernised its navy while promoting its Belt and Road Initiative. Japan, India, Australia and the United States are members of the so-called Quad grouping, created to balance China’s growing dominance. The four are will participate in the annual naval wargaming exercise Malabar to be held in Australia this year.
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