This is an important story from Bloomberg Business. It’s a must-read. Check it out!
As China’s media highlights bias in the Western media on China’s AIIB, Bloomburg highlights the excuses coming from Japan. Japan is dreaming up governance issues – but the proposals seem OK for the UK, France, Germany and Italy. Really Japan is concerned about loosing face because the Japan/US dominated Asian Development Bank has not been entirely successful – it may now get eclipsed by China’s AIIB.
Surely, it’s a major mistake for Japan not to join AIIB?