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U.S. Promised Windfalls From Japan Deal. Tokyo Has Other Ideas.

U.S. Promised Windfalls From Japan Deal. Tokyo Has Other Ideas.

TOKYO—Japan is playing down the risks from its trade deal with President Trump after the White House said the U.S. would direct $550 billion in investments by Japan and keep 90% of the profit.
Tokyo's chief negotiator, Ryosei Akazawa, said Monday that the government bank at the center of the investment deal would strictly review the projects it is asked to finance and approve only those that comply with Japanese law. Critics of the deal have suggested Tokyo would have to follow Trump's orders on what to fund, potentially threatening the finances of the Japan Bank for International Cooperation, or JBIC.
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