Japan’s finance ministry will establish an investment facility at a state-owned bank to support a $550 billion investment package with the US. The deal focuses on sectors like chips, metals, pharmaceuticals, energy, and shipbuilding by January 2029. The investment will include equity, loans, and loan guarantees from Japan Bank for International Cooperation and Nippon Export and Investment Insurance.

The new facility at JBIC aims to provide financial support for Japanese companies’ overseas expansions in strategically important industries for Japan’s economic security. The ministry revised regulations on JBIC to broaden its investment scope in developed countries, including automotive and pharmaceutical sectors. Previous regulations limited JBIC’s investments in developed countries compared to emerging ones.

Read more at Yahoo Finance: Japan to launch facility to support $550 billion investment under US trade deal