AdvertisementAdvertisementBusinessJapanese and U.S. flags fly side by side in front of the White House in Washington, U.S., April 5, 2024. REUTERS/Kevin Lamarque01 May 2026 03:23PM (Updated: 01 May 2026 03:34PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST TOKYO, May 1 : Japan has signed a $2.2 billion loan agreement for the first batch of projects under its $550 billion U.S. investment pledge, kicking off financing tied to a trade deal that cut U.S. tariffs on Japanese imports to 15 per cent.State-owned Japan Bank for International Cooperation said on Friday it would provide about a third of the $2.2 billion financing, with the rest provided by commercial banks.Sources familiar with the matter said the commercial bank portion will be provided by Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group, and will be guaranteed by state-owned Nippon Export and Investment Insurance (NEXI).The first three projects, with a combined value of $36 billion, include an oil export facility in Texas, an industrial diamond plant in Georgia, and a natural gas-fired power plant in Ohio.Under the arrangement with the U.S., available free cash flows from investments will be split evenly between the two countries until a specific allocation is reached, after which 90 per cent will go to the U.S.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST