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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.
Investing in overseas infrastructure projects dovetails with a
key plank in Abe’s growth strategy, which is to export
"high-quality" infrastructure technology.
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.
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.
The government may tap its foreign exchange reserves account to
fund part of the package, the sources said.
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.
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.
($1=113.0100 yen)
(Reporting by Tokyo Newsroom; Editing by Clarence Fernandez)
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