Japan pledges $73B in US investment after prime minister’s meeting with Trump
New York Post • • business
Key Points:
- Japan has pledged $73 billion to invest in American next-generation nuclear reactors and gas-fired power plants following Prime Minister Sanae Takaichi's meeting with President Trump, marking the second phase of a $550 billion commitment under a trade agreement secured last summer.
- The investment includes $40 billion for small modular reactors (SMRs) by GE Vernova Hitachi in Tennessee and Alabama, $17 billion for natural gas facilities in Pennsylvania, and $16 billion for similar facilities in Texas.
- The projects aim to stabilize electricity prices, meet growing electricity demand, and strengthen Japan-U.S. cooperation in economic security and technological competition, with some power supplying co-located data centers.
- Japan's earlier investments under the trade agreement included $
