Asia Pacific round-up: Japan plans to expand infrastructure investment in Asia, and more

22 May 15

A round-up of recent public finance stories from Asia Pacific you might have missed.

Prime Minister Shinzo Abe unveiled a plan to expand Japan’s financing for infrastructure projects in Asia by 30%, suggesting Tokyo’s intent to counter China’s push to spearhead a new regional investment bank. (Wall Street Journal)

Seniors groups have warned the Abbott government that hitting pensioners while ignoring super tax breaks ‘simply isn’t realistic’. (Financial Review)

New Zealand’s economic growth will slow over the next four years but the unemployment rate is expected to drop below five per cent for the first time since the global financial crisis. (Sky News Australia)

Indonesia posted a trade surplus for the fifth straight month in April, but that stemmed from imports tumbling more quickly from a year earlier than exports did, showing that the economy remained sluggish at the start of the second quarter. (The Star)

ADB TF support for Nepal ‘available immediately’

The Asian Development Bank has extended an additional $40m in trade finance to Nepal to assist the disaster relief efforts, following the recent earthquakes. (Global Trade Review)

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