Around 20 companies from Japan and the US have expressed interest in projects that could contribute to Tokyo’s commitment to invest $550 billion in the United States as part of a trade agreement, a factsheet by the two countries showed on Tuesday.
US President Donald Trump in July agreed to implement lower tariffs on Japanese automobile imports and other products in a deal that included a commitment to $550 billion of Japanese investment in US projects.
Companies interested in taking part include SoftBank Group, Mitsubishi Electric and Hitachi, according to the list of possible projects.
The list, which covers areas including energy, AI infrastructure and critical minerals, says it could represent some $400 billion in investment.
Japan has said its investment package would include equity, loans and loan guarantees from state-owned agencies.
The list was published after President Donald Trump met with Japanese Prime Minister Sanae Takaichi in Tokyo on Tuesday, inking deals covering trade and rare earths.
Westinghouse is looking at building pressurised water reactors and small modular reactors totalling up to $100 billion, with Japanese firms such as Mitsubishi Heavy Industries, Toshiba and IHI potentially involved.
GE Vernova could build small modular reactors and supply power equipment with the involvement of Japanese companies.
SoftBank, whose founder and CEO Masayoshi Son has met with Trump, is interested in a $25 billion project to develop large-scale power infrastructure, according to the list.
Carrier could supply thermal cooling systems for power infrastructure and involve Japanese companies and Panasonic could build energy storage systems.
Other interested firms include Murata, TDK and Fujikura.
Reuters
