Japan, US Name First Projects in Flagship $550 Billion Fund (3)

Japan and the US unveiled a list of potential projects for their $550 billion US investment vehicle, providing a first look into what specific proposals could be funded by the mechanism that’s a key part of the two countries’ trade deal.

At a signing ceremony Tuesday in Tokyo, US Commerce Secretary Howard Lutnick outlined many of the highest-profile commitments. The corporate names included SoftBank Group, Westinghouse and Toshiba Corp., and the size of the potential projects ranged from $350 million to as much as $100 billion.

A fact sheet released by Japan’s trade ministry Tuesday detailed other Japanese ...