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The Nikkei View

New vision needed for quality infrastructure investment

Japan can be catalyst to include China in the discussion

An airport construction site in an area developed by a Chinese company in Cambodia's Koh Kong Province.   © Reuters

As industrialized countries ramp up support for infrastructure development in emerging economies amid China's growing influence, the time has come for them to reconsider how best to use their own resources in this field.

The U.S. International Development Finance Corp. went fully operational early this year with the dual mission of promoting strategic investments and furthering Washington's diplomatic and national security interests. The reorganization consolidated American development finance agencies into a single body with an investment cap of $60 billion -- double that of its main predecessor -- and access to more flexible financing options, including equity investment.

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