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.
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