JPMorgan, U.S. Banks Near Deal to Fund Japan's $550 Billion U.S. Plan as 15% Tariff Holds
Updated
Updated · The Japan Times · Jul 21
JPMorgan, U.S. Banks Near Deal to Fund Japan's $550 Billion U.S. Plan as 15% Tariff Holds
3 articles · Updated · The Japan Times · Jul 21
Summary
$550 billion in planned Japanese investment in the United States is nearing a financing breakthrough, with JPMorgan and other U.S. banks close to an agreement with Tokyo, according to people familiar with the talks.
U.S. lenders are being tapped because Japanese banks have been reluctant to join: their funding base is in yen, and raising large amounts of dollars for long-term U.S. infrastructure projects is costly.
More than $100 billion of projects has already been announced in two batches under the plan, which Japan struck in July 2025 to secure a 15% U.S. tariff rate.
That tariff deal eased pressure from President Donald Trump, who had threatened 25% levies on most Japanese exports, making the financing central to Tokyo's ability to deliver on its pledge.