24 September 2026
24 September 2026
The project is estimated at between Y2tn and Y3tn ($12.67bn-$19.01bn) and would broaden the scope of Japan's tariff-related investments.
Minister for Electronics and IT Ashwini Vaishnaw publicly set out how the policy is being implemented and the progress made on investment so far.
Of the total commitment, around $30bn will be directed towards data centres, with a further $5bn allocated to renewable energy to power them.
The decision comes after months of talks on implementing a South Korea–US joint fact sheet (JFS) covering investment pledges made in return for lower US import tariffs.
Around 200 executives from German, French and other European firms took part, alongside government, diplomatic and economic representatives.
A decree signed adds stakes in Nestlé Russia and Nestlé Kuban to the list of assets subject to “temporary administration”.
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