Tokyo and Washington are considering a nuclear power plant and a copper refining facility as candidates for the second phase of Japan's USD 550bln investment and loan pledge in the US, according to Nikkei
Newsquawk Staff ·
- Minister of Economy, Trade and Industry Ryosei Akazawa will visit Washington from Thursday to Sunday and is seeking to meet with Commerce Secretary Howard Lutnick on Friday.
What it means
The potential investment in a nuclear power plant and copper refining facility as part of Japan's broader $550 billion pledge to the US signals a strengthening of economic ties between the two nations. This move could have notable implications for commodities like copper and may influence FX flows, particularly affecting JPY and USD dynamics as the discussions unfold.
Sources
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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