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Japan finmin says no concrete plan now for U.S. infrastructure fund

Japan finmin says no concrete plan now for U.S. infrastructure fund© Reuters. FILE PHOTO: Japan’s Deputy Prime Minister and Finance Minister Taro Aso arrives at G-20 plenary

TOKYO (Reuters) – Japan has been discussing ways to promote infrastructure development in the United States with its ally but has no concrete plan now to establish a sovereign fund to support it, Finance Minister Taro Aso said on Friday.

Aso made the remark at a regular news conference when asked about a media report that the government intends to create a sovereign wealth fund to invest in U.S. infrastructure projects.

Japan is expected to offer the fund as an example of economic cooperation at its first bilateral trade talks with the United States starting on Aug. 9, the business daily reported.

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Source: Investing.com

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