President Donald Trump on Tuesday announced Japan’s planned investments in US energy and critical minerals projects, the first tranche under a bilateral trade pact, ahead of Prime Minister Sanae Takaichi’s Washington visit.
“Japan is now officially, and financially, moving forward with the FIRST set of Investments under its $550 BILLION Dollar Commitment to invest in the United States of America,” Trump wrote on his Truth Social platform.
The projects are a natural gas facility in Ohio, a deep-water oil export facility in the Gulf of Mexico, and a synthetic diamond manufacturing facility.
Japanese Trade Minister Ryosei Akazawa has said that only one to two percent of the $550 billion would be actual capital.
The rest will be made up of bonds and loans from the Japan Bank for International Cooperation (JBIC) and credits with public guarantees. (AFP)
