Market Chatter: JPMorgan, Other US Banks Close to Financing Japan's US Investment Plan

MT Newswires Live07-21 17:03

JPMorgan Chase (JPM) and other US banks are close to agreeing to provide financing for projects under Japan's $550 billion US investment plan, Reuters reported Tuesday, citing unnamed people familiar with the discussions.

According to the report, participation of US banks would help Japan meet its 2025 trade commitments, as Japanese lenders remain reluctant because of the high cost of long-term US dollar funding.

Japan has announced more than $100 billion in projects under the plan, but only about $2.2 billion in financing has been secured, Reuters reported. Japan's Ministry of Economy, Trade and Industry said no decisions have been made on US bank participation and that discussions are ongoing.

JPMorgan did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment