Prime Minister Shinzo Abe travels to Washington this week to meet U.S. President Donald Trump! He is putting together a package that will supposedly help generate 700,000 U.S. jobs.
Japan, which has a consistent trade surplus with the U.S., is putting the finishing touches on a package that it claims will create 700,000 jobs in the U.S. and help create a $450-billion market.
The Japanese may use money from its foreign exchange reserves to fund the package
On a broader basis, the two countries would cooperate in building liquefied natural gas facilities in Asia to help expand exports of U.S. natural gas and work together to expand nuclear energy-related sales.
The aim appears to be to turn what could potentially be a major crisis over trade friction into a business opportunity for both sides.
Japan will invest 17 trillion yen ($150 billion) in public and private funds over 10 years, the sources said. That would include helping develop high-speed railways in the northeastern United States, and the states of Texas and California, and renovating subway and train cars.
Asked in parliament about his plans for talks with Trump, Abe said Japanese companies are making significant contributions to the U.S. economy.
The package also includes cooperation in global infrastructure investment, joint development of robots and artificial intelligence, and cooperation in cybersecurity and space exploration, among others.
The government may tap its foreign exchange reserves account to fund part of the package, the sources said.
It may also get funding from megabanks and government-affiliated financial institutions, as well as the Government Pension Investment Fund
You won’t see this on CNN, NBC, or any other lamestream media. Trump is working tirelessly to make this country great again. Get this news out to the American people. Trump just won again.
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