Purposeful Commitment to Infrastructure Investment in Asia
The development of infrastructure has strong connections to a country’s economic growth as it offers the foundation for social and industrial upgrading. Infrastructure investment also contributes to expanding business activities in various fields from tra
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Purposeful Commitment to Infrastructure Investment in Asia
The development of infrastructure has strong connections to a country’s economic growth as it offers the foundation for social and industrial upgrading. Infrastructure investment also contributes to expanding business activities in various fields from transport and energy to information and communications technology (ICT). At the same time, infrastructure investment is related to international relations as cross-border support for infrastructure development creates a diplomatic partnership between a country that offers funds for infrastructure investment and a country that receives them. This is a main reason why infrastructure development is examined from the foreign policy perspective as well as the economic one. For a long time, Japan was the main Asian country that provided developing countries in the region with capital, foreign aid, and advanced technologies. These resources were used for developing physical infrastructure that was indispensable for industrial development and the upgrading of the people’s social life. As China has accumulated economic power with high growth and steady industrialisation, it emerged as another source of infrastructure investment in Asia. After Chinese leaders announced the Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank (AIIB) in 2013, its presence in infrastructure investment became particularly salient. Japan has reformulated its policies and measures for infrastructure investment in accordance with China’s growing presence in this field. © The Author(s) 2021 H. Yoshimatsu, Japan’s Asian Diplomacy, Critical Studies of the Asia-Pacific, https://doi.org/10.1007/978-981-15-8338-4_4
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This chapter seeks to analyse the development of Japan’s involvement in infrastructure development in Asia. It first examines purposeful policies and measures for infrastructure exports and investment, which were first adopted by the Democratic Party of Japan (DPJ) government. It then explores concrete ways that the Kantei took the lead in shaping and executing the policies and measures. The chapter also investigates geopolitical and geo-economic objectives that the Abe administration has pursued in its purposeful infrastructure policies. Moreover, it explores ideational elements that the administration has pursued in evolving international climates regarding infrastructure investment.
Internal and External Policies for Infrastructure Exports and Investment Japan’s purposeful commitment to infrastructure exports and investment in Asia began under the DPJ government as a strategic policy in the form of the deployment of integrated infrastructure systems overseas. The DPJ government in 2009–12 formulated policies and measures to support Japanese companies’ advancement in overseas infrastructure projects. In September 2010, the government established the Ministerial Meeting on the Deployment of Integrated Infrastructure Systems in order to discuss the possibilities of and strategies for offsh
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