tiprankstipranks
Trending News
More News >

SoftBank’s Son raises idea of U.S.-Japan sovereign wealth fund, FT reports

SoftBank’s Masayoshi Son has pitched a joint U.S.-Japan sovereign fund to top DC and Tokyo officials to back large tech and infrastructure projects in the U.S., The Financial Times’ Leo Lewis, David Keohane, and Demetri Sevastopulo report. According to three people close to the situation, the idea has been proposed by Son’s team as a template for other governments to forge closer investment ties with the U.S., and while it has been discussed directly between Son and U.S. Treasury Secretary Scott Bessent and outlined to other top government figures in both countries, it has not yet crystallized into a formal proposal.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue