Ahead of the possible announcement of the first projects this week and Takaichi’s scheduled visit to the White House next month, what exactly has Japan pledged, what uncertainties remain, and what is at stake?
What was agreed?
In July, Japan agreed to invest US$550 billion through 2029 “to rebuild and expand core American industries”, the White House said, generating “hundreds of thousands of US jobs”.
The pledge was in exchange for reducing threatened tariffs of 25 per cent to 15 per cent on Japanese imports. Trump likened it to a “signing bonus” for a baseball player.
What has been announced so far?
Ahead of Trump’s October visit to Japan came a list of “interest” by Japanese firms – from nuclear reactors and AI data centre “chillers” to dredging shipping channels and a fertiliser factory.
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