Nobuhiko Hayashi, president of the Japan Bank for International Cooperation (JBIC), spoke on March 26 about the first three investment projects valued at $5.5 billion as part of an agreement between Japan and the U.S. on tariffs. Although these projects have been deemed 'bankable,' he emphasized that there is still significant work required to ensure their success, given various challenges. These projects include the manufacturing of synthetic diamonds, establishing export infrastructure for American crude oil, and constructing a gas-fired power plant. Hayashi noted that initial confidence in the projects was low but has since improved with further discussions regarding risks related to raw material procurement and environmental considerations.

As JBIC moves forward with financing private-sector investments in the U.S., Hayashi pointed out the pervasive risks involved, such as rising prices and securing a qualified workforce. Despite having laid the groundwork for these projects, JBIC has not yet finalized the financing decisions, indicating ongoing deliberations. There is also an intention to increase Japanese corporate participation in these ventures, underlining the importance of collaborative efforts in overcoming the associated challenges.

Furthermore, with a U.S.-Japan summit scheduled for March 19, there are plans to announce a second wave of investment projects during that meeting. Hayashi mentioned the uncertainty of future project developments, stressing the need to work diligently while keeping the schedule in mind. This reflects Japan's commitment to strengthening economic ties with the U.S. and the broader implications for bilateral relations.