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US, Japan, Philippines strike deals on defense, investment at leaders' summit

By Economic Times - 8 months ago
Japanese Prime Minister Fumio Kishida, U.S. President Joe Biden, and Philippines President Ferdinand Marcos Jr. unveiled agreements to boost security and economic ties at the White House. Highlights include military upgrades, potential Japanese involvement in the AUKUS pact, Microsoft's $2.9 billion investment in Japan, joint AI research, Japan's participation in the Artemis moon project, and a partnership on nuclear fusion. Plans for a high-speed rail in the U.S. using Japanese bullet trains and new investments in the Philippines were also announced.

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