Dr Nikolay MurakshinThe politics of international infrastructure and its financing have been receiving increased attention in the past years. Most recently, top Japanese politicians, including Prime Minister Abe, expressed interest in conditional cooperation with China's Belt and Road initiative and the Asian Infrastructure Investment Bank. Infrastructure finance has also prominently featured at the 50th annual meeting of the Asian Development Bank in Yokohama and the Belt and Road summit in Beijing, while the G7 summit in Ise-Shima even adopted a separate final document dedicated to infrastructure. Discussions of such Chinese initiatives as Belt and Road and the AIIB tend to stress the competitive aspect of these projects in relation to existing institutions and to qualify related Japanese policies as a response to Chinese advances. However, one might argue that these representations downplay cooperative patterns in Chinese and Japanese economic and financial foreign policies, as well as certain continuity between them. Furthermore, initiatives such as Belt and Road, just like their Japan-led equivalents, have an important public diplomacy profile. This presentation will examine various political aspects of Sino-Japanese interaction of the past few years with regards to financing international infrastructure projects in Asia bilaterally and via multilateral development banks.
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