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International relations

Japan expands cheap infrastructure loans to third country projects

New strategy designed for joint deals with China overseas

A construction site in Jakarta. More projects in developing countries will become eligible for low-rate loans under a policy hammered out by Japan. (Photo by Keiichiro Asahara)

TOKYO -- Japan drafted a plan to offer greater assistance for infrastructure development overseas ahead of a key summit with China next week, as it prepares to pursue joint projects with Beijing in third countries.

Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping are expected to discuss cooperating on infrastructure investment in other countries when they meet on Oct. 26. In light of this, a Japanese government council on Wednesday drafted a basic strategy to promote infrastructure exports.

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