Japanese Trade Minister Ryosei Akazawa and US Commerce Secretary Howard Lutnick will meet this week to discuss the first project to be funded via the $550 billion investment vehicle that was a pillar of the two countries’ trade deal last year.

By Makiko Yamazaki Feb 12 (Reuters) - Japan has agreed with the United States to accelerate talks on the first batch of deals under Japan's $550 billion investment package as some issues still need to be worked out,

Japan's industry minister Ryosei Akazawa arrived Wednesday in Washington to put the finishing touches on a potential first batch of Japanese investment projects in the United States under a bilateral deal.

Japan's Economy, Trade and Industry Minister Ryosei Akazawa said Tuesday that he plans to visit the United States from Wednesday to discuss Japan's commitment to invest 550 billion dollars in the country as agreed in bilateral tariff negotiations.