Japan is considering bringing foreign-bank financing into US gas-fired power
projects within its $550bln investment pledge to the United States, saying such
financing would help raise necessary foreign-currency funds. JP Morgan and other
US banks are close to agreements to provide financing under the framework; loans
would sit alongside Japan Bank for International Cooperation (JBIC) lending and
could be guaranteed by Nippon Export & Investment Insurance (NEXI). The banks
would help fund projects in Pennsylvania and Texas with combined value of about
$33bln.