Reported about 20 hours ago
SoftBank's Masayoshi Son has suggested the establishment of a US-Japan sovereign wealth fund to make significant investments in technology and infrastructure, as reported by the Financial Times. The fund could require around $300 billion in initial capital and would be managed jointly by the US Treasury and Japan's finance ministry, potentially allowing participation from retail investors. Treasury Secretary Scott Bessent has shown interest in the proposal, which could serve as an alternative revenue source without raising taxes.
Source: YAHOO