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Japan Holds Out on Joining China-Led AIIB as Deadline Arrives

Japan held out on joining China’s planned development bank as ministers in Tokyo cast skepticism over its governance on the final day for nations to sign up as founding members.

Japan remains cautious about the prospect of becoming part of the Asian Infrastructure Investment Bank and has yet to get answers from China on questions about the governance of the institution, Finance Minister Taro Aso told reporters in Tokyo on Tuesday. Foreign Minister Fumio Kishida rejected one report that cited Japan’s ambassador in Beijing as saying the nation may join within a few months.