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US, Japan sign rare-earths deal
Business Standard
|October 29, 2025
Japan leader promises to nominate Trump for the Nobel Peace Prize
Japan PM Sanae Takaichi with US President Donald Trump during the guard of honour in Tokyo
US President Donald Trump lavished praise on Japan’s first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming the new prime minister's pledge to accelerate a military buildup, while also signing deals on trade and rare earths.
Trump's spokeswoman Karoline Leavitt said the Japanese leader also promised to nominate Trump for the Nobel Peace Prize.
Both governments released a list of projects in the areas of energy, artificial intelligence and critical minerals in which Japanese companies are eyeing investments of up to $400 billion in the US.
Tokyo pledged to provide $550 billion of strategic US investments, loans and guarantees earlier this year as part of a deal to win a reprieve from Trump's punishing import tariffs.
This story is from the October 29, 2025 edition of Business Standard.
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