Japan has been enlisted to contribute to a $6bn (€4.6bn, ￡3.5bn) rescue package for Iceland, led by the International Monetary Fund. Asif Ali Zardari, Pakistan's president, last week travelled to China in large part to seek up to $1.5bn in help towards a bail-out package.
Given that China and Japan have the largest foreign currency reserves in the world and that Beijing and Delhi expect to continue to post high economic growth rates, more requests for aid are all but certain.
“A lot of people are going to be coming here, knocking on the door,” said a senior official at an international organisation in Beijing.
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