Japan readies package for Trump to help create 700,000 US jobs

Reuters: Japan is putting together a package it says would generate 700,000 US jobs and help create a $450-billion market to present to President Donald Trump next week, Government sources familiar with the plans said.

The plans, to be unveiled when Prime Minister Shinzo Abe visits Trump on 10 February in Washington, envisage investments in infrastructure projects such as high-speed trains and cybersecurity, said the sources, who declined to be identified as they are not authorised to speak to the media.

Investing in overseas infrastructure projects dovetails with a key plank in Abe’s growth strategy, which is to export “high-quality” infrastructure technology.

The Government may tap its foreign exchange reserves account to fund the package, the sources said.