Japan’s Akazawa says projects under US-bound investment package discussed with Lutnick
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Japanese Trade Minister Ryosei Akazawa said on Friday that he discussed projects under Japan’s US bound investment package with US Commerce Secretary Howard Lutnick. Key quotes Discussed projects under Japan’s US bound investment package with Lutnick. Confirmed progress in completing projects. Will work on accelerating discussions concerning first batch of projects. Also promoted expansion of Japanese farm products including Japanese beef. Discussed potential joint projects regarding diversification of critical mineral supply chains. Will work on enhancing Japan United States economic ties ahead of Takaichi’s planned visit to US. Made progress in discussions regarding investment package as there was some distance toward agreement. Talks have been tough, cannot tell when the first projects would be finalized. Market reaction At the time of writing, the USD/JPY pair is trading around 153.25, up 0.38% on the day. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led…
Filed under: News - @ February 13, 2026 2:20 am