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Japan Weighs Sovereign Wealth Fund For U.s Infrastructure Investment: Nikkei

by reuters.com posted 2months ago 22 views
* Finance Minister says no specific plans for fund (Adds comment from Toyota executive, Sumitomo Corp): TOKYO (Reuters) - Japan is considering creating a sovereign wealth fund to invest in U.S. infrastructure projects and U.S.-Japan joint projects in third countries and will float the idea at two-way trade talks in Washington next week, the Nikkei daily reported on Friday. Tokyo is seeking ways to counter U.S. pressure for a bilateral free trade agreement (FTA) and head off a rise in tariffs on its auto exports when Economy Minister Toshimitsu Motegi meets U.S. Trade Representative Robert Lighthizer in Washington on Aug. 9.

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