Japan's Trade Minister Seeks USD550B Investment Deal with U.S.
Ryosei Akazawa told journalists he aims to conduct "in-depth" discussions with US Commerce Secretary Howard Lutnick to finalize the inaugural project within a $550 billion investment framework—a centerpiece of the bilateral tariff agreement between Tokyo and Washington.
Before boarding his flight from Tokyo's Haneda Airport, Akazawa pledged to announce any breakthrough "as soon as possible." if consensus is reached with his American counterpart.
The trade minister previously steered Japan-US tariff negotiations as economic revitalization minister under former Prime Minister Shigeru Ishiba. His Washington trip represents his inaugural visit in his current cabinet role under Prime Minister Sanae Takaichi, who succeeded Ishiba.
Akazawa acknowledged the complexity ahead, stating: "We have already held a considerable number of discussions," while tempering expectations by warning the negotiations "will not be straightforward." He is scheduled to return to Japan Saturday.
Under the tariff reduction arrangement, Tokyo has committed $550 billion in US investments. Both governments are working to pinpoint concrete investment initiatives, with President Donald Trump retaining ultimate approval authority.
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