Japan Reveals First Loans to US Projects Under Trade Deal
Photographer: Aaron Schwartz/CNP/Bloomberg
Japan’s government-backed lender and private bankers announced their first loans as part of the nation’s $550 billion commitment to US projects under a trade agreement with President Donald Trump.
The Japan Bank for International Cooperation said it granted loans for the initial three projects to be co-financed with private lenders, according to Friday statements. Together, they total around $2.2 billion — far short of the $36 billion that the US expects Japan to invest for the first wave of the projects.