Policy · Energy and industrial
Japan has signed loans for $69 billion of the $130 billion in US projects announced so far
- From
- Government of Japan (Tokyo)
- Covers
- Projects under the $550 billion Japan–US investment package, United States
- Value
- $69B in signed loan contracts, out of $130B in projects announced
- Status
- Progress report as of the end of September 2026, presented by Japan's Finance Ministry on October 28. No new project was announced.
- Date
- 2026-10-28
Japan's Finance Ministry told a Fiscal System Council subcommittee that, as of the end of September, loan contracts had been signed for $69 billion of the $130 billion in US projects announced under the $550 billion investment deal. Contracts cover five projects, including gas-fired power plants, but not yet the small modular reactor or the chip-plant projects. JBIC and partner banks have approved about $11 billion in co-financing.
Why it matters
It is the first official tally of how much of the package has turned into signed financing, about a year after the deal. JBIC expects projects worth about ¥30 trillion in total to be selected in fiscal 2027, so the pace is set to pick up.
How the money flows
Under the 2025 deal, the US picks projects and Japan's state lender JBIC and the insurer NEXI arrange most of the money with private banks. JBIC and its partner banks had approved about $11 billion so far, about 16% of the $69 billion in projects with signed contracts. The rest of the money comes from other sources.
What is still waiting
Two of the best-known candidates, a next-generation small modular reactor and a chip plant, have no loan contract yet. Those are among the largest items on the project lists published since October 2025.
Sources
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