AsianFin -- Japan’s finance ministry said Friday it will establish a new investment facility at the state-owned Japan Bank for International Cooperation (JBIC) to support a $550 billion investment package tied to Tokyo’s tariff agreement with Washington.
Japan and the United States signed a memorandum of understanding earlier this month outlining the package, which will target sectors including semiconductors, metals, pharmaceuticals, energy, and shipbuilding. The investments are scheduled to be made by January 2029, coinciding with the end of U.S. President Donald Trump’s current term.
The package will include equity, loans, and loan guarantees from JBIC and Nippon Export and Investment Insurance (NEXI). The new facility will provide financial support for overseas expansions by Japanese companies in industries deemed vital to Japan’s economic security, the ministry said.
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