Skip to content
Subscriber Only

Japan Still Beating China in Southeast Asia Infrastructure Race

  • BMI data shows Japan leads in Vietnam, Philippines, Indonesia
  • China ramping up investment along Belt and Road route
Construction in Manila in 2017.
Photographer: Veejay Villafranca/Bloomberg

China may steal all the headlines when it comes to its infrastructure push across Southeast Asia, but data from BMI Research shows Japan is still well ahead in funding projects in the region.

As Japan’s population ages, the government and companies are searching for new markets overseas. Japan dominates infrastructure investment in the Philippines and Vietnam, among the world’s fastest-growing economies. But China is ramping up competition with a sweeping push in nations along the route of President Xi Jinping’s signature Belt and Road Initiative.