POST Online Media Lite Edition


Abe to unveil plan for U.S. to create $450 billion market and employ 700,000

Staff Writer |
Prime Minister Shinzo Abe plans to offer a vision for greater Japanese investment in the U.S. when meeting President Donald Trump in Washington on Friday.

Article continues below

He is seeking to counter the president’s criticism about trade, Japanese officials said.

Abe’s five-pronged program, titled “U.S.-Japan Growth and Employment Initiative,” says the two nations could work together to generate 700,000 jobs in the U.S. and create new markets worth $450 billion over the next decade, the officials said.

The program doesn’t detail how those numbers could be reached through specific projects or corporate investments.

Trump has criticized Japan several times. He suggested that Tokyo does “things to us that make it impossible to sell cars in Japan” and described Tokyo’s monetary policy as an unfair way to devalue the yen and make business easier for Japanese exporters.

What to read next

Hillary Clinton proposes $1 trillion in government spending to boost economy
Shinzo Abe to unveil $266 billion stimulus package
Germany and France plan to introduce new tax on internet giants