Press Releases
Regarding the First Batch of Projects under the Japan-U.S. Strategic Investment Initiative
February 18, 2026
On February 18th, Japan and the United States have concurred on the first batch of projects under the Strategic Investment Initiative set forth by the Governments of Japan and the United States.
- Regarding the Strategic Investment Initiative based on the Memorandum of Understanding on Strategic Investment announced in September 2025, Japan and the United States have advanced various coordination efforts from the ministerial to expert levels, including through Consultation Committee meetings.
- As a result, Japan and the United States have concurred on promoting the following three projects in the United States as the first batch.
- Manufacturing project for industrial synthetic diamonds, regarding which both Japan and the United States are currently heavily dependent on specific countries, for the use of processing automotive, aircraft, and semiconductor parts and materials (Estimated total: approximately 600 million USD (approximately 90 billion JPY))
-Japanese diamond tool manufacturers (Asahi Diamond Industrial Co., Ltd., Noritake Co., Ltd., etc.) have expressed interest in purchase of the product.
- U.S. crude oil export infrastructure project in light of growing global energy demand (Estimated total: approximately 2.1 billion USD (approximately 330 billion JPY))
-Mitsui O.S.K Lines, Ltd., Nippon Steel Corporation, JFE Steel Corporation, MODEC, INC., etc. have expressed interest in the supply of related equipment and other items.
- Natural gas generation project to supply electricity to AI data centers, etc. (Estimated total: approximately 33.3 billion USD (approximately 5.2 trillion JPY))
-Toshiba Corporation, Hitachi, Ltd., Mitsubishi Electric, SoftBank Group, etc. have expressed interest in supplying related equipment and other items.
- Manufacturing project for industrial synthetic diamonds, regarding which both Japan and the United States are currently heavily dependent on specific countries, for the use of processing automotive, aircraft, and semiconductor parts and materials (Estimated total: approximately 600 million USD (approximately 90 billion JPY))
- These projects are for Japan and the United States to cooperate on building supply chains in important strategic areas of economic security, such as critical minerals, energy, and AI/data centers. It will also provide Japanese companies with increased business opportunities through the supply of related equipment and machinery.
- Furthermore, these projects will also lead to profit for small and medium enterprises in the supply chain that supply parts and other items. (e.g.: TASHIRO CO., LTD. and KANEDA Co, Ltd are interested in supplying related equipment and parts for Projects I-III; WORKS Co., Ltd. is interested in purchasing for Project I; ORORU Inc. is interested in processing parts for Project II; MIWA ELECTRIC CO., LTD. and Asahimekki Co. Ltd., are interested in supplying and processing related equipment for Project III).
- Promoting these projects aligns with the objectives of the Strategic Investment Initiative: promoting mutual benefits; ensuring economic security; and promoting economic growth of Japan and the United States as special partners.
- Going forward, Japan will continue to coordinate further details for the implementation of each project and work closely with the United States to ensure prompt and smooth project execution.