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Japan readies Trump stimulus mega-plan - sources

Friday, February 03, 2017 - 01:24

Japan is putting together a package it says could generate 700,000 U.S. jobs and help create a $450-billion market, government sources familiar with the plans said. David Pollard reports.

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First out from the talks in Tokyo - the Japanese prime minister. Followed by the man he was meeting - the boss of Toyota. (UPSOT) (Japanese) TOYOTA MOTOR CORP PRESIDENT, AKIO TOYODA, SAYING: 'We had a good talk' 'We had a good talk', he says. But if his response is low key, what Prime Minister Abe might take to his summit with Donald Trump next week is anything but. Japan reported to be putting together a package to generate up to 700,000 United States jobs ... And create a 450 billion dollar market. A blockbuster offer for a US president who's cast a protectionist shadow over Japan and big corporations like Toyota. And who's known for his blockbusting deal-making style. (SOUNDBITE) (English) INDEPENDENT MARKET ANALYST, JEREMY BATSTONE-CARR, SAYING: "The negotiating tactic is of course to go in really hard at the beginning, and then negotiate one's way to some form of compromise, possibly uneasy compromise, in due course. And so it has proved with his presidency in its formative days, just as it was in business." Sources tell Reuters Japan would invest to develop high-speed, high-tech projects. Robots, AI, cybersecurity and space exploration - along with railways and infrastructure. And could, it's said, tap its foreign exchange reserves in order to help fund it.

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Japan readies Trump stimulus mega-plan - sources

Friday, February 03, 2017 - 01:24