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Inside Trump’s $550bn ‘shakedown’ of Japan Inc

Tokyo signed the US president’s biggest deal yet. Will the investments ever materialise?

Three days before Donald Trump was due to dine with 100 of Japan’s corporate elite, some of the real business had begun at a luxury hotel near the US ambassador’s residence.

From a private conference room at the Okura in central Tokyo, US commerce secretary Howard Lutnick was orchestrating what would become a cascade of investment commitments worth hundreds of billions of dollars.

The pledges made that day triggered a frenzy of investment decisions, the likes of which Japan has never experienced.

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