US, Japan to Consider Projects That May Tap $550 Billion Fund

US President Donald Trump, left, and Sanae Takaichi, Japan's prime minister, during a signing ceremony for a document on the implementation of the US-Japan trade deal in Tokyo in October.Photographer: Kiyoshi Ota/Bloomberg

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December 16, 2025 at 11:28 PM UTC

The US and Japan are set to review energy projects as the potential debut investments in a landmark $550 billion joint fund that was a centerpiece of their trade deal, according to people familiar with the matter.

The first session of one panel that weighs potential investments is scheduled for Wednesday in Washington, Thursday morning Japan time, the people said. The consultation committee will look at a couple of energy projects at that time, they added on condition of anonymity to discuss matters not yet public.