When Japan Prime Minister Shinzo Abe meet President Donald Trump this Friday in Washington, Mr. Abe will propose a Japanese investment plan that will create 700,000 new jobs in the United States and create new markets worth $450 billion over the next decade.
This move is to counter President Trump’s criticism of Japan trade strategy.
Mr. Abe will also become the first world leader to meet President Trump in person, since Mr. Trump’s inauguration in November.
Mr. Trump has criticized Japan few times when he suggested that Tokyo does “things to us that make it impossible to sell cars in Japan” and disapproved Tokyo’s monetary policy as it makes business easier for Japanese exporters.
Among the five-part package, Japan hopes to impress U.S. by correcting trade imbalances, financing for high-speed rail in Texas and California, undertaking of joint projects in Asia, exports of U.S. natural gas to Japan, and more trade cooperation between the two nations.
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