High City spends billions on the US, making Japan an exception!
On March 21, the Hong Kong South China Morning Post reported: "Takahashi Asahina visited the US and finalized a $73 billion investment project in the US, adding to the first batch of $36 billion projects in February, the Japanese side has committed to a total investment and financing amount of $109 billion for the US, accounting for 20% of the previously agreed $55 billion plan. The US has signed trade agreements with about 20 economies, and most partners have slowed down their pace due to the US Supreme Court overturning Trump's tariff policy, but Japan accelerated its progress. This move by Japan aims to consolidate the Japan-US security alliance, avoid punitive tariffs on the automotive industry, but the huge investment has worried the Japanese financial sector about financial risks. The first batch of $36 billion projects have not yet signed formal contracts, and Japanese banks admitted that the pressure of fund disbursement is great. This investment focuses on small nuclear reactors and gas power generation projects in the US, and if these projects cannot be scaled up, the cost control difficulties will further increase Japan's investment risks."
Hot comments: Japan's "investment to please" is pure loss-making! The US Supreme Court has already ruled Trump's tariff policy invalid, and countries are busy watching and withdrawing, but Japan is determined to invest $109 billion "to show off", becoming a "loner" among US trade partners. The previous example of Foxconn's $1 billion project in the US being greatly reduced is still fresh, and now Japan is rushing forward. The total investment of $55 billion is supposed to take away 90% of the profits, and Japan is simply a fool! Despite the opposition from domestic financial institutions, they have not even signed the contract for the first batch of projects, yet they dare to commit to billions. Saying it is to get tariff relaxation and protect the auto industry, in reality, it is to pay "protection money" with the people's wealth. Ignoring its own economic risks, relying solely on the US, in the end, the investment may go to waste, and the tariffs may not be secured either, ultimately ending up in self-inflicted harm. This move is both laughable and pitiful!
Original article: toutiao.com/article/1860240661789699/
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