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Indonesian Finance Minister Sri Mulyani Indrawati says the Japan-backed ADB and the China-led AIIB can play off each other's strengths.
Economy

Indonesia minister: Japan, China rivalry good for Asian infrastructure

Finance head says cooperation needed between ADB and AIIB

SHOTARO TANI, Nikkei staff writer | China

YOKOHAMA -- Competition between Japan and China to build infrastructure in the region is healthy and will help the development of Asian countries, Indonesia's Finance Minister Sri Mulyani Indrawati told Nikkei Asian Review on Thursday.

Japan is advocating the construction of "high quality infrastructure" in Asia and is keen to push through such initiatives with the backing of the Asian Development Bank, with which it has a close relationship. On the other hand, China is offering an alternative to Asian nations with funding from the Asian Infrastructure Investment Bank, the formation of which Beijing spearheaded.

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