In a speech at the International Institute for Strategic Studies (IISS) Shangri-La Dialogue, largely focusing on security issues, Japanese Prime Minister Fumio Kishida reaffirmed Japan’s commitment to supporting development in Asia.
In the context of the Japanese government’s ‘Free and Open Indo-Pacific’ plan, Kishida said that Japan will contribute to sustainable and resilient economic development in Association of Southeast Asian Nations (ASEAN) countries and address climate change while expanding its ODA. Japan will focus its efforts not only on developing infrastructure but also on local human resources and public-private partnerships.
These efforts will be supported by a US$50 billion investment in the region by the Quad, a partnership between Australia, India, Japan, and the United States. The funds will be distributed over the next five years and will help promote productivity and prosperity.