Japan to Make 40-B.-Dlr Auto Plant Investment: Trump

Politics Economy

Washington, April 28 (Jiji Press)--Prime Minister Shinzo Abe referred to plans for Japanese companies to invest a total of 40 billion dollars in U.S. automobile plants, U.S. President Donald Trump has said.

In his recent talks with Trump, Abe may have shown readiness to contribute to U.S. job growth through fresh investment by Japanese companies, in order to solicit a promise from Trump not to introduce additional U.S. tariffs on vehicles imported from Japan.

The Trump administration is expected to reach a decision on the possible action as early as mid-May. Details of the 40-billion-dollar investment, which Trump talked about on Saturday, have not been announced.

At a meeting with Trump at the White House on Friday, Abe explained that Japanese companies have invested a total of 23 billion dollars in the United States since Trump was inaugurated in 2017.

Abe also told Trump that Japanese investment in the United States will increase in the areas of automobile, energy and defense, according to Japanese government sources.

[Copyright The Jiji Press, Ltd.]

Jiji Press