Trilateralism seems to have emerged as one of the expedient modes of the multilateral framework of cooperation. The ‘JAI’ track involving Japan-America-India is a welcome addition to the already existing leadership tracks of trilateralism or mini-lateralism focusing on the undercurrents of the Indo-Pacific. Yet, it needs to be seen to what extent ‘JAI’ would serve the interest of its constituent members in influencing the balance of power in the region? The chapter argues that what, however, makes ‘JAI’ a distinct trilateral in the making is the scope of forging foreign policy complementarities, primarily commercial interests, that exist in the India-US, India-Japan and Japan-US bilateral tracks of cooperation in the Indo-Pacific.