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UK, Japan set to agree $24 bn investment

The Economic Times (India)
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Britain and Japan ​are set to agree ​investment and technology partnerships worth ​more than £18 billion ($24 billion), expected to create tens of thousands of jobs, as Prime Minister Keir ‌Starmer meets ⁠his ⁠Japanese counterpart Sanae Takaichi on Sunday.The agreements include a Japanese five-year investment pipeline of more than £9 ​billion in infrastructure and ⁠financial services, alongside ‌plans to unlock up ​to £9 ​billion for UK offshore wind projects.Also Read: Protest erupts in Iran against Araghchi over prospective US peace dealThe offshore wind component is expected ​to support 5.9 gigawatts of capacity ​across projects in Scotland and the Celtic Sea.The two countries will also launch a new technology partnership covering areas such as AI, semiconductors ‌and quantum computing.Also Read: Trump and other G7 leaders are meeting without China.

Is that a mistake?Separately, companies including Hitachi Energy, Rolls-Royce and Eisai are ​also expected ​to announce ⁠investments and collaborations spanning power grid expansion, nuclear technology and life sciences.Other business and ​government agreements are expected to be signed during Takaichi's visit, which comes ahead of the June 15-17 G7 summit in France. ...

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