{"id":21233,"date":"2017-02-03T11:10:49","date_gmt":"2017-02-03T11:10:49","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=21233"},"modified":"2017-02-03T11:12:18","modified_gmt":"2017-02-03T11:12:18","slug":"japan-readies-package-trump-help-create-700000-u-s-jobs","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/japan-readies-package-trump-help-create-700000-u-s-jobs.html","title":{"rendered":"Japan readies package for Trump to help create 700,000 U.S. jobs"},"content":{"rendered":"
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Japan readies package for Trump to help create 700,000 U.S. jobs<\/span><\/strong><\/span><\/h2>\n

Japan readies package for Trump to help create 700,000 U.S. jobs:- Japan is putting together a package it says could generate 700,000 U.S. jobs and help create a $450-billion market, to present to U.S. President Donald Trump next week, government sources familiar with the plans said.<\/span><\/p>\n

The five-part package, to be unveiled when Prime Minister Shinzo Abe visits Trump on Feb. 10 in Washington, envisage investments in infrastructure projects such as high-speed trains and cybersecurity, said the sources, who declined to be identified as they were not authorized to speak to the media.<\/span><\/p>\n

Investing in overseas infrastructure projects dovetails with a key plank in Abe\u2019s growth strategy, which is to export “high-quality” infrastructure technology.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

The government may tap its foreign exchange reserves account to fund part of the package, the sources said.<\/span><\/p>\n

It may also get funding from megabanks and government-affiliated financial institutions, as well as the Government Pension Investment Fund, the Asahi and other newspapers reported.<\/span><\/p>\n

However, GPIF President Norihiro Takahashi said on Thursday there was no truth to reports that the Fund would invest as a part of the government package, adding that the Fund made its investment decisions to benefit policyholders.<\/span><\/p>\n

Source:-\u00a0http:\/\/www.reuters.com\/article\/us-usa-trump-japan-idUSKBN15I0RS<\/span><\/div>\n

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