Japan, US narrow first $550 billion investment picks, including SoftBank-linked plan, sources say [Yahoo! Finance Canada]
SOFTBANK GRP UNSP/ADR (SFTBY)
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Source: Yahoo! Finance Canada
By Tamiyuki Kihara and Makiko Yamazaki TOKYO, Jan 19 (Reuters) - Japan and the U.S. have short-listed a few projects ?as the first candidates under Tokyo's planned U.S.-bound $550 billion investment, including a ?project involving SoftBank Group, two sources familiar with the matter told Reuters. The two governments have intensified discussions ?to select the initial projects under the investment scheme, agreed as part of Tokyo's deal with Washington to lower tariffs on Japanese exports to the United States, the sources said on Monday. They aim to formalise the first project ahead of Prime Minister ?Sanae Takaichi's planned visit to ?the United States in the spring, according to the sources, who requested anonymity because the talks are not public. A total of ?four sources said a large-scale infrastructure project involving SoftBank Group in data centre construction is among the short-listed projects. SoftBank did not immediately respond to Reuters' request for comment. J
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