Japan to launch facility to support $550 billion investment under US trade deal

Core Points - Japan's finance ministry is establishing an investment facility at a state-owned development bank to support a $550 billion investment package agreed upon in a tariff deal with the United States [1][2] - The investment package will focus on sectors such as chips, metals, pharmaceuticals, energy, and shipbuilding, with investments expected to be made by January 2029 [2] - The new facility at the Japan Bank for International Cooperation (JBIC) will provide financial support for overseas expansions by Japanese companies in strategically important industries [3] - Regulations on JBIC have been revised to expand its investment scope in developed countries, including the automotive and pharmaceutical sectors [3]