Japanese Lenders Halt Financing for $40 Billion U.S. Nuclear Project Over Meltdown Liability
Japanese lenders are halting financing for a $40 billion nuclear power project in the United States, citing fears they would have to assume liability for any nuclear accident on American soil.
The disagreement over potential meltdown liability marks a direct clash between Washington and Tokyo regarding the financing structure of the deal.
From the sources (6 posts)
@stockmktnewzJPMorgan $JPM and other U.S. banks are in talks to partially finance Japan's 🇯🇵$550 Billion investment in the United States 🇺🇸 - Reuters
@exec_sumJUST IN: JPMorgan and other US banks are in talks to help fund a portion of Japan's $550 billion investment package in US
@japantimesJPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan's $550 billion U.S. investment pledge, according to two sources.
@ftUS and Japan clash over meltdown liability in $40bn nuclear power deal
@ftFT Exclusive: Japan’s participation in a $40bn nuclear power project in the US has hit a roadblock over fears that its lenders might have to assume liability for any nuclear accident on American soil.
@firstsquawkUS And Japan Clash Over Meltdown Liability In $40Bn Nuclear Power Deal - FT