Policy · Trade and investment policy
Japan and the US list first candidate projects for the $550 billion investment program during Trump's Tokyo visit
- From
- Government of Japan (Tokyo)
- Covers
- United States government, Washington, D.C.
- Value
- Status
- Announced. The listed projects were candidates only. The first projects actually selected under the $550B program were named in February 2026 (about $36B) and March 2026 (up to $73B), including Hitachi-GE small reactors that appeared on this list.
- Date
- 2025-10-28
During President Trump's visit to Tokyo, the two governments signed documents on implementing their trade agreement, along with a critical-minerals pact and cooperation memorandums on shipbuilding and technology. The White House released a list of projects Japanese money could fund. It includes up to $332 billion for energy infrastructure, such as Westinghouse and GE Vernova Hitachi reactors, plus power, AI and electronics supply-chain projects tied to Toshiba, Mitsubishi Electric, TDK, Fujikura, Murata and Panasonic. Individual projects range from $350 million to $100 billion.
Why it matters
This was the first time the $550 billion pledge from the July 2025 tariff deal was tied to named companies and sectors, showing that energy and AI infrastructure would lead. Most figures are 'up to' amounts of interest rather than firm commitments.
Other deals that day
The technology memorandum, called the Technology Prosperity Deal, covers AI, 6G, quantum, fusion, space and drug supply chains. JERA said it would invest $1.5 billion in Louisiana's Haynesville shale gas basin, and Tokyo Gas and JERA signed letters of intent to buy LNG from a proposed Alaska pipeline. Toyota said it would export US-made cars to Japan.
The biggest numbers
Besides the energy items, the list named up to $30 billion for Mitsubishi Electric power systems for data centers, $25 billion each for Toshiba and TDK, $20 billion for Fujikura optical fiber, and $15 billion each for Murata and Panasonic.
Sources
Kakehashi M&A News home
