Japan Holds Out on Joining China-Led AIIB as Deadline Arrives – Bloomberg Business

English: Japanese Prime Minister Shinzo Abe at...

English: Japanese Prime Minister Shinzo Abe at the G8 summit in Heiligendamm. (Photo credit: Wikipedia)

This is an important story from Bloomberg Business. It’s a must-read. Check it out!

via Japan Holds Out on Joining China-Led AIIB as Deadline Arrives – Bloomberg Business.

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.

Reuters too focuses on Japanese defensiveness about the AIIB. 

Surely, it’s a major mistake for Japan not to join AIIB?

Thoughts?

News Analysis: For Japan, there are better reasons to join AIIB – Xinhua | English.news.cn

Protrait of Prime Minister Shinzō Abe of Japan...

Protrait of Prime Minister Shinzō Abe of Japan, Saturday, Sept. 8, 2007, in Sydney. (Photo credit: Wikipedia)

Here’s an important story from Chinese news agency Xinhua. It’s a must-read. Check it out!

via News Analysis: For Japan, there are better reasons to join AIIB – Xinhua | English.news.cn.

China seems to be having fun, watching the western countries falling over themselves to support China against the advice of President Obama. First and bravely came the UK, followed by France, Germany and Italy. Australia is likely to be next and Japan is wavering. According to the New York Times, Obama has made mistakes here.

It’s quite amazing how Obama’s foreign policy has been responsible for so many major changes. Of course, Hilary Clinton’s ideas on foreign policy will perhaps not be too far from Obama’s?

Thoughts?