The governments of Japan and the United States announced on March 19 a new set of joint strategic investment projects, following a summit meeting between Prime Minister Sanae Takaichi and President Donald J. Trump in Washington, D.C.
This announcement marks continued progress under the Japan-U.S. Strategic Investment initiative, which began with an initial group of projects revealed on February 17. The two countries are now moving forward with a second batch that includes the commercial deployment of advanced small modular reactors (SMRs) in the United States and two natural gas generation facilities. These efforts aim to provide stable power sources, stabilize electricity prices for Americans, and strengthen technological cooperation between the nations.
According to both governments, these energy projects will also supply power to nearby data centers and reinforce supply chains in key areas related to economic security. The U.S. government said it is committed to expediting regulatory processes as required by law while working closely with Japan under a memorandum of understanding signed on September 4, 2025.
In addition to these initiatives, both countries are considering further collaboration in SMRs, large-scale nuclear reactors, and crude oil infrastructure intended to increase exports to Japan. They plan to continue discussions through their Consultation Committee process as outlined in their agreement.
These joint investments are expected to support economic growth and security for both nations. The governments reaffirmed their commitment "to supporting further business efforts that contribute to strengthening critical supply chains in both countries going forward." In related developments supporting infrastructure across the U.S., five Arizona tribes will receive $105.8 million from the U.S. Department of Commerce through the Tribal Broadband Connectivity Program as part of broader efforts to improve access to high-speed internet.
