World

Japan not currently planning to join China-led bank, seeking answers from China on governance

FILE - In this Friday, Oct. 24, 2014 file photo, Chinese President Xi Jinping, center, shows the way to the guests who attended the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing.  Japan has no plan as of now to join the China-led Asian Infrastructure Investment Bank, its government spokesman said Tuesday, March 31, 2015. (AP Photo/Takaki Yajima, Pool, File)

FILE - In this Friday, Oct. 24, 2014 file photo, Chinese President Xi Jinping, center, shows the way to the guests who attended the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing. Japan has no plan as of now to join the China-led Asian Infrastructure Investment Bank, its government spokesman said Tuesday, March 31, 2015. (AP Photo/Takaki Yajima, Pool, File)  (The Associated Press)

Japan's top government spokesman says Tokyo has no plan as of now to join the China-led Asian Infrastructure Investment Bank.

Chief Cabinet Secretary Yoshihide Suga told reporters Tuesday that Japan is still seeking answers about how the regional financing institution would be governed.

Beijing has set a March 31 deadline for founding members to express interest in joining the AIIB.

The U.S. maintains that the Beijing-based regional bank should work in partnership with existing institutions such as the World Bank. It contends the bank might extend credit without adequate environmental, labor and social safeguards.

But it has found itself isolated on the issue as other major Western countries have indicated they plan to join.

Suga denied reports Japan was seeking more time to decide on the issue.