The Japanese government announced that it has reached a consensus with the United States on its first investment project following the recent tariff agreement.
On November 17, US President Donald Trump announced Japan's first investment project to the United States, in line with the tariff agreement reached between the two nations. This initiative was described by the Japanese government as a result of a consensus between both countries. Chief Cabinet Secretary Kihara Minoru stated in a briefing that three key projects have been identified: the production of industrial artificial diamonds, the construction of infrastructure for exporting US crude oil, and the establishment of gas-fired power generation facilities.
President Trump elaborated on these projects in a post on his social media platform, Truth Social, emphasizing the historical nature of the trade agreement with Japan, which includes a commitment to invest $550 billion. Among the highlighted projects are energy-related facilities in Texas, a large gas-fired power plant in Ohio, and critical mineral development in Georgia. Trump remarked that the gas plant in Ohio would be the largest ever constructed, underlining its significant role in strengthening the United States' energy dominance, as well as plans to reduce dependence on foreign resources through the Georgia mineral facility.
Kihara also responded to inquiries regarding the rationale behind choosing this first investment project, stating that it aligns with the goal of enhancing mutual benefits between Japan and the US, securing economic security, and promoting economic growth. He assured that the details will be coordinated between the two nations for smooth execution of the projects, ensuring close cooperation moving forward.
