US-Japan Trade Deal Hinges on Fund That Remains a Puzzle

A shipping terminal in Yokohama.Photographer: Toru Hanai/Bloomberg

The US and Japan this week reached what President Donald Trump called the largest trade deal in history.

But the lack of detail over Tokyo’s pledge to set up a $550 billion US investment fund is raising questions about the viability of an agreement that’s been floated as a potential template for other major trading partners.