Japan's top negotiator is pushing back against claims that the country is handing over hundreds of billions of dollars to the U.S. under a new economic deal with the Trump administration, clarifying that actual investment will make up just 1% to 2% of the $550 billion agreement.
What Happened: On Saturday, Tokyo’s Chief Negotiator, Ryosei Akazawa, said in an NHK interview that “it's not that $550 billion in cash will be sent to the US,” but instead it includes a combination of investments, loans, and guarantees backed by the Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI).
