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U.S. new Indo-Pacific economic framework faces headwinds

TOKYO, May 23 (Xinhua) — U.S. President Joe Biden on Monday launched the so-called Indo-Pacific Economic Framework (IPEF), which a number of countries including Japan have joined, as the new economic initiative raised concerns in the Asia-Pacific.

“In order to prepare our economies for the future, we are launching the process to establish the Indo-Pacific Economic Framework for Prosperity,” said a joint stateme