Nov. 6 (Bloomberg) -- Japan pledged at least 500 billion yen ($5.5 billion) in aid to five Southeast Asian nations that share the Mekong river over the next three years to spur economic development and fight climate change.
Prime Minister Yukio Hatoyama said developing the Mekong region will accelerate economic integration among members of the Association of Southeast Asian Nations. The Mekong region is “key” to promoting Hatoyama’s idea of an “East Asian Community” modeled on the European Union and that would eventually have a regional currency, according to a Japanese government official who briefed reporters.
The leaders of Thailand, Vietnam, Cambodia, Laos and Myanmar welcomed Japan’s pledge at the first Japan-Mekong summit in Tokyo, the official said.
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