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March 24 2015

Japan signaled that it could join the Asian Infrastructure Investment Bank (AIIB) after all if certain conditions were met satisfactorily.

 

This is despite the United States already expressing concerns regarding AIIB and its capability to pass social and environmental standards and China's already growing diplomatic influence in the region. Still, about 30 nations, including major EU members, participated in this economic project.

 

Now, even the notable allies of the US -- South Korea, Australia and Japan -- are reportedly reconsidering.

 

Japan's Finance Minister Taro Aso announced that they are considering joining the AIIB if they can confirm that it has a "credible mechanism for providing loans". However, other Japanese senior officials remain doubtful if participating in a China-led bank could be truly advantageous.

 

"We have been asking to ensure debt sustainability taking into account its impact on environment and society. We could (consider) if these issues are guaranteed. We'll give it careful consideration from diplomatic and economics viewpoints. There could be a chance that we would go inside and discuss. But so far we have not heard any responses," commented Aso.

 

AIIB is also seen as a competitor of ADB (Asian Development Bank) which is a regional financial institution based in the Philippines. It is basically dominated by the US and Japan, with its leader customarily coming from the latter's finance ministry or the Bank of Japan.

 

The former president of ADB and current BOJ Governor Haruhiko Kuroda cautiously said, "There are huge needs, demands for infrastructure investment in Asia. On the other hand, the World Bank and ADB have been helping countries in Asia to improve infrastructure for the last 50 years."

 

Despite being a China-led financial institution that the US is warning against, AIIB got Tokyo concerned of missing out on opportunity for more regional participation, reports Corliss Online Financial Mag.

 

Meanwhile, Australia's Treasurer Joe Hockey said participating in AIIB has the potential to benefit local companies and should not adversely affect their relationship with the US. At any rate, he added that a final decision has yet to be made, although Corliss Online Financial Mag got reports that Australia could decide to formally join this week with as much as USD 2.3 billion in investment.

 

"There is a lot of merit in it, but we want to make sure there are proper governance procedures. That there's transparency, that no one country is able to control the entity. And because it's operating in our region, in our neighbourhood, it is important that Australia fully understand and look at participating in this Bank," said Hockey.

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February 04 2014

The Corliss Online Group Financial Magazine: "Financial Planning Tips"

“Financial Planning Tips,” A New Article On Vkool.Com, Teaches People How To Create A Personal Financial Plan Easily - V-kool

The new “Financial Planning Tips” article on the site Vkool.com instructs readers how to create their own basic financial plan effectively.

Seattle, Wa (PRWEB) February 01, 2014

The new “Financial Planning Tips” article on the site Vkool.com delivers to people helpful tips on how to create a financial plan within a short period of time. At the beginning of the article, the author recommends people to determine their current financial situations. People need to have a thorough understanding of their current financial situation in order to formulate well-informed and realistic goals. Moreover, if people take a detailed look at their situation, they can identify specific changes they could make to change their situation and achieve their goals. Then, the author indicates that setting goals are important and usually used to measure success. The earlier people start planning for their financial future, the sooner they will reach their goals. Developing goals will give people a direction for their plan and a destination toward which they want to head. The goals should be measurable, specific, attainable, specific, realistic, and time-based. There are different types of goals, including short-term, intermediate, and long-term goals. When people develop each of these goals, they will achieve successes early in their plan while still keeping their eyes towards the future. Furthermore, when creating the financial goals, people should consider some obvious objectives, such as retirement investments or monthly savings. They also need to differentiate between necessities and wants in order to establish priorities effectively.

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______________

About the website: Be developed by Tony Nguyen, Vkool.com is the website providing readers with useful tips about many subjects, including health, fitness, entertainment, and lifestyle. Readers could send their ideas to Tony Nguyen on any subjects via email.

For the original version on PRWeb visit: http://www.prweb.com/releases/financial-planning/tips/prweb11538419.htm

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