Bloomberg reports details of Japan-US trade deal
The US media outlet reported on Wednesday the agreement announced by US President Donald Trump the previous day.
Bloomberg quoted a senior US administration official as saying Japan's "pledge" to invest 550 billion dollars in the United States is "akin to a sovereign wealth fund under which Trump himself could steer investments inside the US."
The outlet reported that, according to the official, legal particulars and other details surrounding the pledge are still being hammered out.
Bloomberg also said Japan reportedly agreed to buy 100 Boeing aircraft, boost rice purchases by 75 percent and buy 8 billion dollars in agricultural and other products while hiking defense spending with US firms to 17 billion dollars annually, from 14 billion dollars.
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