TOKYO, May 1 (Reuters) – Japan has signed a $2.2 billion loan agreement for the \u200cfirst batch of projects under its $550 \u200cbillion U.S. investment pledge, kicking off financing tied to \u200ba trade deal that cut U.S. tariffs on Japanese imports to 15%.<\/p>\n
State-owned Japan Bank for International Cooperation said on Friday it would \u200cprovide about a \u2060third of the $2.2 billion financing, with the rest provided by commercial \u2060banks.<\/p>\n
Sources familiar with the matter said the commercial bank portion will be provided by Mitsubishi \u200bUFJ Financial \u200bGroup, Sumitomo Mitsui \u200bFinancial Group, and \u200cMizuho Financial Group, and will be guaranteed by state-owned Nippon Export and Investment Insurance (NEXI).<\/p>\n
The first three projects, with a combined value of $36 billion, include an oil export facility in \u200cTexas, an industrial diamond \u200bplant in Georgia, and a \u200bnatural gas-fired \u200bpower plant in Ohio.<\/p>\n
Under the arrangement \u200cwith the U.S., available \u200bfree cash \u200bflows from investments will be split evenly between the two countries until a \u200bspecific allocation \u200cis reached, after which 90% will go \u200bto the U.S.<\/p>\n
(Reporting by Makiko Yamazaki. \u200bEditing by Mark Potter)<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO, May 1 (Reuters) – Japan has signed a $2.2 billion loan agreement for the \u200cfirst batch of…\n","protected":false},"author":2,"featured_media":464395,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,179,18,19,17,386,203982,203980,203979,203981],"class_list":{"0":"post-464394","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-eire","11":"tag-ie","12":"tag-ireland","13":"tag-japan","14":"tag-japanese-imports","15":"tag-loan-agreement","16":"tag-mizuho-financial-group","17":"tag-sumitomo-mitsui-financial-group"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116503181102525204","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/464394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=464394"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/464394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/464395"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=464394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=464394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=464394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}