Japan is going to invest $ 450 billion (51.5 trillion yen)
Japan reportedly setting up package for Trump to create 700,000 US jobs
Prime Minister Shinzo Abe intends to propose during a meeting with U.S. President Donald Trump on Feb. 10 a bilateral economic cooperation plan, including the creation of a 0 billion (¥51 trillion) market through railways and other infrastructure investments in the United States to generate 700,000 jobs, The Yomiuri Shimbun has learned.
The envisioned infrastructure development in the United States includes high-speed railway projects in the northeastern part of the country, and in Texas and California, to which Japan would provide technical cooperation and extend low-interest loans. Japan would also help replace as many as 3,000 train cars currently in use on railways and subways with new models over the next 10 years.
U.S.-Japan Economic Relations
The United States and Japan represent 30 percent of the world’s GDP and share an interest in
sustaining a strong global economy, ensuring financial stability, and growing job opportunities. To
advance these interests, the President and the Prime Minister reaffirmed their commitments to using
the three-pronged approach of mutually-reinforcing fiscal, monetary, and structural policies to
strengthen domestic and global economic demand.
The two leaders discussed opportunities and challenges facing each of their economies and the need
to promote inclusive growth and prosperity in their countries, the Asia-Pacific region, and the world.
They emphasized that they remain fully committed to strengthening the economic relationships
between their two countries and across the region, based on rules for free and fair trade. This will
include setting high trade and investment standards, reducing market barriers, and enhancing
opportunities for economic and job growth in the Asia-Pacific.
The United States and Japan reaffirmed the importance of both deepening their trade and investment
relations and of their continued efforts in promoting trade, economic growth, and high standards
throughout the Asia-Pacific region. Toward this end, and noting that the United States has
withdrawn from the Trans-Pacific Partnership, the leaders pledged to explore how best to
accomplish these shared objectives. This will include discussions between the United States and
Japan on a bilateral framework as well as Japan continuing to advance regional progress on the
basis of existing initiatives.
In addition, the two leaders expressed interest in exploring cooperation across sectors that promote
mutual economic benefits to the United States and Japan.
The two leaders decided to have their countries engage in an economic dialogue to discuss these and
other issues. They also reaffirmed their intent to continue cooperation in regional and global fora.
Invitations to Visit Japan
Prime Minister Abe invited President Trump for an official visit to Japan during the course of this
year, and also welcomed an early visit of Vice President Pence to Tokyo. President Trump accepted
South China Sea
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