Japan Unveils $550B U.S. Package; Toyota Denies $10B

Japan has unveiled a $550 billion package of planned investments in the United States aimed at securing critical minerals and bolstering energy, AI, semiconductor and infrastructure supply chains. Prime Minister Sanae Takaichi and President Donald Trump discussed a framework during a Tokyo-area meeting that officials say will fund projects across energy, power, pipelines, data centers, semiconductor manufacturing, shipbuilding and critical-materials mining and processing. President Trump said Toyota had committed more than $10 billion for new U.S. auto plants, but Toyota pushed back, saying it did not promise a new $10 billion plan and reiterated its ongoing U.S. investment without specifying a new dollar amount. Other companies named as potential participants include SoftBank, Westinghouse and Toshiba, with project sizes described as ranging from hundreds of millions to tens of billions of dollars. U.S. officials say much of the package will target electricity and data-center infrastructure, semiconductors and supply-chain resilience, though some specifics and timelines remain unresolved and first projects may be identified by year-end. The discrepancy between political announcements and corporate statements has prompted calls for clarification as officials and reporters seek to verify individual commitments.