US-Japan deal's 9-1 investment profit split limited in scope: Tokyo

Ratio to apply to projects with 10% investment from state-backed financial institution

Japan's lead trade negotiator Ryosei Akazawa said that returns on investments would be decided by private companies. (Photo by Chihiro Uchiyama)

SHUNSUKE USHIGOME and YUKA FURUBAYASHI

July 26, 2025 03:17 JST

TOKYO -- A nine-to-one profit-sharing split trumpeted by the White House in the U.S.-Japan trade deal will apply to only a limited set of Japanese investments in America, according to according to materials released Friday by the Japanese government.