TOKYO (Reuters) -The United States will make an announcement this week on Japan’s $550 billion investment in the U.S., Commerce Secretary Howard Lutnick said, as a top Japanese trade envoy is reportedly planning to visit Washington to formalise the deal. "The Japanese agreement, which we’re going to announce later this week, that’s $550 billion at the hand of Donald Trump," Lutnick told the Ingraham Angle show on Fox News on Monday night. Washington and Tokyo agreed in July to set a reduced 15% tariff on Japanese goods in exchange for a $550 billion package of U.S.-bound investment through government-backed loans and guarantees, but details of the package remain obscure. Japanese broadcaster FNN reported on Monday that Tokyo’s top trade negotiator Ryosei Akazawa will visit the U.S. as soon as this week to discuss a document to formalise the agreement. While the U.S. side urged Japan to have a written agreement on the investment plans, Japan hopes to make the document not strongly legally-binding and demand a presidential order to cut tariffs on Japanese goods soon, the Nikkei business daily reported on Tuesday. Lutnick and Bessent also promised, during Akazawa’s previous visit on August 7, that Trump will issue another presidential order to lower tariffs on Japanese cars to 15% from 27.5% but did not specify when. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Successful investors know to check multiple angles before making their move. InvestingPro's three powerful features work together to give you that edge: ProPicks AI runs 80+ stock-picking strategies, including Tech Titans, which doubled the S&P 500's performance in just 18 months! Fair Value combines 17 proven valuation models to help you spot overpriced stocks and undervalued gems. And WarrenAI delivers instant insights on any stock. Ask questions, get vetted answers backed by real-time data (unlike ChatGPT). Our subscribers use all three to identify stocks before double-digit gains and avoid costly mistakes. But with 50% during our Summer Sale, even if you only use one of these features the value pays for itself. Sale ends soon—don't wait until prices go back up.

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