TOKYO - JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan's $550 billion U.S. investment pledge, according to two people familiar with talks between the lenders and the Japanese government.
Such financing would help Tokyo deliver on commitments made to U.S. President Donald Trump. Japanese banks have been reluctant to participate, as their funding base is in yen and obtaining huge amounts of U.S. dollars for big long-term infrastructure projects can be very costly for them.
