TOKYO — In 2024, Japan Inc’s foreign direct investment into the US hit a record high of US$77.3 billion amid efforts to hedge against slowing Chinese growth and deflation.
But America hasn’t seen anything yet as Japan seeks to shield itself from an even bigger economic wildcard: Donald Trump’s trade war wrath as the US president makes Asia the first stop on his tariff revenge tour.
Last week, Japanese Prime Minister Shigeru Ishiba pledged to boost his nation’s overall investment in the US to about $1 trillion from $783 billion at the start of 2024.
To continue reading, please log in to your AT+ Premium account. Not yet a member? Please signup for AT+ Premium monthly membership, AT+ Premium yearly membership or AT+ Premium Access membership.