Daily Management Review

No ‘Concrete Plan’ Formulated Yet For U.S. Infrastructure Fund: Japanese Finance Minister


08/04/2018


Japan and the U.S. are to enter into “economic cooperation” by conducting talks on “bilateral trade”.



The Japanese Finance Minister, Taro Aso informed on Friday, 03 August 2018, that even though Japan has been carrying out discussions regarding ways in which it could promote development of infrastructure in the United States with its “ally”, so far no concrete plans have been formulated. Therefore as yet there isn’t any step to launch a “sovereign fund” for supporting the same.
 
Aso was questioned in a “regular news conference” whereby referring to a media report which claimed that the government is proposing for a “sovereign wealth fund” creation so as to facilitate investment in the “infrastructure projects” of the United States.
 
There are expectation that Japan will be offering the above mentioned fund to set an example of “economic cooperation” which for the “first bilateral trade talks” which will be conducted with the United Stated. The talks are scheduled to take place on August 9, reported the “Nikkei business daily”.
 
 
References:
reuters.com







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