The Economic Times

JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, say sources

US banks like JPMorgan are nearing financing agreements for Japan's investment pledge. Japanese banks face high costs for dollar funding, limiting their participation. Tokyo seeks to fulfill commitments made to the US government regarding these investments. Only a fraction of the needed financing has been secured for initial projects. Discussions continue as Japan seeks ways to facilitate dollar procurement for its banks.