Asian Infrastructure Investment Bank and Chinese Communist Party

Japan cooperation: Komura, who led a delegation of a supra-partisan league of Diet members that promotes Japan-China friendship, said after the meeting that Zhang, the third-ranking official in the Chinese Communist Party, asked for Japan cooperation with the Asian Infrastructure Investment Bank . Komura said he replied, There will be a possibility for Japan to consider joining the bank once concerns over its operational transparency and other standards are alleviated to a certain extent, according to Asahi Shimbun. Although 57 countries have agreed to be founding members of the AIIB, which will be established later this year, Japan and the United States are prominent holdouts. In a meeting with Zhang Dejiang, chairman of the National People Congress’ Standing Committee, Komura also proposed preventing a territorial dispute from hampering efforts to improve diplomatic relations between the two countries. The AIIB will promote infrastructure development in Asian countries. He added that the country is also paying close attention to Prime Minister Shinzo Abe statement to commemorate the 70th anniversary of the end of World War II to be released this summer. During the 90-minute meeting, Zhang repeatedly emphasized that Beijing holds high regard for Japan peaceful development in the postwar era. (news.financializer.com). As reported in the news.