Shares of Japanese industrial heavyweights such as SoftBank (TYO:9984), Panasonic (TYO:6752), and Hitachi (TYO:6501). rose sharply on Wednesday after the companies were listed among Japanese firms exploring large-scale investment projects in the U.S.
The list, announced during President Donald Trump’s visit to Tokyo, is part of a new U.S.-Japan investment framework.
According to a joint statement, Japan has pledged about $550 billion in strategic investments, loans, and guarantees for U.S. projects spanning energy, artificial intelligence, and critical minerals.
Softbank and Panasonic shares jumped as much as 5% each on Wednesday, while Hitachi stock climbed 4%.
Among the 20 companies named were Murata Mfg (TYO:6981), Mitsubishi Electric (TYO:6503), and cable maker Fujikura (TYO:5803), in addition to the three industrial giants.
Their shares traded higher between 3% and 5%.
Japan’s Nikkei index surged more than 2% to a fresh record high of 51,311.47 points on Wednesday.
