Malaysian Prime Minister Mahathir Mohamad (L) receiving a Japanese national football jersey from his Japanese counterpart Shinzo Abe (R) during their joint press remarks at Abe's official residence in Tokyo on 12 June 2018. Photo: EPA
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Is Shinzo Abe offering Japan’s Samurai bonds as a foil against China’s debt diplomacy?

  • Japan’s prime minister is offering 200 billion yen (US$1.75 billion) in aid to help wean Malaysia off its financial dependence on China’s loans
  • Money is fungible, and governments borrowing money in global bond markets are free to direct those funds to projects

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Malaysian Prime Minister Mahathir Mohamad (L) receiving a Japanese national football jersey from his Japanese counterpart Shinzo Abe (R) during their joint press remarks at Abe's official residence in Tokyo on 12 June 2018. Photo: EPA
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