Japan pledges $1 trillion investment in US economy

Japan's Prime Minister Shigeru Ishiba announced a landmark commitment to invest $1 trillion in the United States during a recent summit with President Donald Trump, focusing on defense, energy, and strategic industries. This investment aims to strengthen bilateral military cooperation and address the $68 billion trade deficit between the two nations. Ishiba confirmed Japan's plan to double its defense spending by 2027, which aligns with Trump's efforts to bolster military ties. Additionally, discussions revealed a shift from Nippon Steel's attempted acquisition of U.S. Steel to a strategic investment instead, reflecting a collaborative approach to economic relations. The leaders also touched on advancements in artificial intelligence, quantum computing, and energy security, with Japan agreeing to increase imports of U.S. liquefied natural gas. Both sides emphasized their commitment to a reciprocal and beneficial partnership as they navigate these significant developments.