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Economy

The Japan-China infrastructure battle is a welcome rivalry

Healthy competition will spur Asia's development, says Indonesia's finance chief

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

YOKOHAMA, Japan Competition between Japan and China to build Asia's infrastructure is healthy and will help spur the region's development, Indonesian Finance Minister Sri Mulyani Indrawati told the Nikkei Asian Review.

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. China, meanwhile, is offering the region an alternative route to funding through the Asian Infrastructure Investment Bank, which it helped create.

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