What is the state of U.S.-Japan trade?

🤝 A thriving partnership.

That’s how we view the U.S.-Japan bilateral relations. Don’t believe us?

Let’s look at the numbers.

According to the Japan External Trade Organization (JETRO)’s Japan’s U.S. Investment Dynamic 2023 report, Japan continues to be the #1 foreign investor in the United States with a record level of $721 billion in 2021.

In addition, JETRO says Japanese companies in the United States are embraced by state and local leaders, especially governors, mayors, county commissioners, and economic developers.

In 2022, Japan ranked in the top 3 in all 50 states for the number of companies among all foreign investor countries. In fact, Japanese companies were the #1 foreign investors in 39 U.S. states.

The Japanese government-related organization goes on to say that many U.S. state and local leaders have designed their economies’ growth strategies to include Japanese companies as cornerstones for their business communities.

👉 In this week’s edition of U.S.-Japan Weekly, we highlight the expansion of Japanese companies into the United States and why having a Japanese investment strategy is important according to a leading economic developer.

Japanese chipmaker Renesas to buy U.S.-based electronics design firm Altium

🇺🇸 SAN DIEGO, CA — In a press statement released last January 11, Japanese semiconductor manufacturer Renesas said it will acquire electronics design firm Altium for $5.9 billion in cash in line with its plans to offer digital device design to customers.

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Why Japan matters to Indiana according to the head of Knox County, Indiana

🇺🇸 VINCENNES, IN — “Why are focused visits like these vital to Indiana, and particularly to Southern Indiana?” This was the question posed by Knox County Indiana Economic Development CEO Christopher Pfaff in a LinkedIn article posted on February 18, 2024 as he shared his experience when he joined a week-long trade mission in Japan.

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Panasonic Energy invests around $4 billion in De Soto, Kansas

🇺🇸 DE SOTO, KS — Panasonic Energy, a Japanese maker of batteries for electric vehicles and a major supplier to Tesla, is converting a former U.S. Army ammunition plant in the city of De Soto, Kansas into a $4 billion lithium-ion battery manufacturing facility.

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