Skip to main content

Belt & Road Initiative offers great opportunities to Japan, say experts


TOKYO, May 5 (Xinhua) -- China's Belt and Road Initiative offers great opportunities for Japanese enterprises and will help the country restructure its economy, say experts.

Proposed by China in 2013, the B&R Initiative aims to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond based on ancient land and maritime trade routes.

Jin Jianmin, a senior fellow at Fujitsu Research Institute in Tokyo, said that with population aging and low fertility, Japan is particularly dependent on global free trade for its economic development.

The infrastructure projects along the Belt and Road route will present great business opportunities for Japanese enterprises, especially with efficient access to rising Eurasian economies, he said.

"Japan has been trying to reach free trade agreements with Europe and countries in the Asia-Pacific region, but lacks efficient access to the Eurasian area which now enjoys relatively fast development," said Jin, adding that the initiative can provide Japan with a chance to share in Eurasian growth.

He said that Japanese companies could also benefit from the expertise of Chinese enterprises in exploring emerging markets through cooperation under the B&R framework.

Eiichi Shindo, emeritus professor at University of Tsukuba, said that with emerging economies gradually overtaking their developed counterparts, Japan should grasp opportunities in the B&R to help grow its economy.

"The B&R Initiative embodies the trend of structural change in the Asian economy, and in face of the new circumstances in Asia, we should ride the trend and achieve win-win cooperations between China, Japan and South Korea and then expand such cooperation to the whole Eurasian area," he said.

In the eyes of Kiyoyuki Seguchi, research director of the Canon Institute for Global Studies in Tokyo, effective B&R projects will contribute to the medium and long-term economic development of the region and thus benefit the Japan.

"If projects with good content are effectively implemented, they can be expected to promote the globalization of many Japanese companies whose response to globalization has been delayed," Seguchi said.

Analysts point out that the Japanese government is increasingly aware of the benefits of the B&R. Japanese Prime Minister Shinzo Abe said earlier this year that Japan would "properly respond" to individual projects related to the B&R.

Japanese media say that Tokyo plans to work with Beijing on the initiative by financially supporting private-sector partnerships. Cooperation will center on areas like the environment, industrial modernization and logistics.

Japan's new cooperative stance would also help improve bilateral ties with China, experts noted.

"With the government's attitude turning supportive, Japanese enterprises can start to find more direct ways of participation," said Jiang Yuechun, director of the Department for World Economy and Development Studies at China Institute of International Studies.

According to Seguchi, Japan has been suffering from economic stagnation since the 1990s. "If the Japanese economy could get out of this stagnation through cooperation with China and recover its vitality," Jiang said, "it would also make a greater contribution to the world economy

http://www.xinhuanet.com/english/2018-05/05/c_137158121.htm

Comments

Popular posts from this blog

Balochistan Advocacy : Japan-Baloch alliance

Muneer Mengal in Japan.

Balochistan to establish first medical university

https://www.dawn.com/news/1366135

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

http://m.hindustantimes.com/world-news/5-shia-hazara-community-members-gunned-down-in-pakistan/story-CHWR4lYByRHzf2KjHjMloI.html



Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …