Japan, the United States, India and Australia plan to invest at least $50 billion into infrastructure projects in the Asia-Pacific region, Japanese Prime Minister Kishida said Tuesday.
"In the infrastructure sector, we announce that we will aim to invest more than $50 billion over the next five years to assist projects in the Indo-Pacific region," he said after a summit of the so-called Quad grouping in Tokyo.
Meanwhile A day ahead of the second in-person Quad summit, its four leaders – Modi, Biden, Japan PM Fumio Kishida and Australian PM Anthony Albanese — attended the launch in the virtual presence of leaders from nine other partner countries — Brunei, Indonesia, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam. The 13 countries account for 40 per cent of the global GDP.
Meanwhile A day ahead of the second in-person Quad summit, its four leaders – Modi, Biden, Japan PM Fumio Kishida and Australian PM Anthony Albanese — attended the launch in the virtual presence of leaders from nine other partner countries — Brunei, Indonesia, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam. The 13 countries account for 40 per cent of the global GDP.
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