Japan and US Agree to Expedite $550 Billion Investment Projects

Japan and the United States are set to speed up an initiative for Japan to invest $550 billion into the US, agreed as part of a broader trade deal to lower tariffs imposed by US President Donald Trump.

“Ministers are aligned on expediting preparations so that the first project under the Strategic Investment Initiative could be announced as early as possible,” according to a statement released by the Japanese Foreign Ministry on Wednesday.

The consultation panel discussing the first project took place Tuesday night. It was attended by Japanese Trade Minister Ryosei Akazawa, as well as Secretary of ...