UK and Japan are poised to finalize an investment package worth £18 billion, which is expected to generate tens of thousands of jobs. Prime Minister Keir Starmer will host Japanese Prime Minister Sanae Takaichi at Downing Street on Sunday ahead of the G7 summit next week.
Key Agreements
More than ten commercial and government agreements are anticipated to be signed, including a £9 billion offshore wind deal. Rolls-Royce will also deepen its collaboration with Japan's Atomic Energy Agency, signing a new agreement to develop next-generation technologies.
Japanese and British business leaders will participate in discussions on future economic growth opportunities.
Starmer's Statement
Starmer commented: "These landmark agreements will bring multibillion-pound investment into the UK, creating tens of thousands of new jobs and driving new developments. As G7 economies and close security partners, we are working together with Japan on some of the most innovative technology in the world, harnessing the best of British and Japanese research and industry to deliver growth and security to every corner of the United Kingdom."
Defence Cooperation
Discussions will also include helping UK defence firms access Japanese investment, according to No 10.
Political Context
This development comes after Starmer's leadership faced turmoil following the resignation of Defence Secretary John Healey over a dispute about long-term military funding. Healey was joined by Armed Forces Minister Al Carns and two parliamentary aides, increasing pressure on the prime minister amid a potential leadership challenge.
