Japan's Agency for Natural Resources and Energy, a unit of the trade ministry, is considering offering financial aid to the country's nuclear-power-plant builders working on U.S. projects, Nikkei English News said, without saying where it obtained the information.
In a move to reduce investment risks of companies that participate in U.S. nuclear-plant projects, the agency might ask the Japan Bank for International Cooperation to make loans to companies such as Toshiba Corp., Mitsubishi Heavy Industries Ltd. and Hitachi Ltd., the news service reported.
U.S. and Japanese energy officials are scheduled to meet May 23 in Tokyo to discuss Japan's policy on aid to the U.S., which plans to build 30 nuclear reactors over the next 20 years, Nikkei said.
Japan has an increasing stake in the U.S. nuclear market, the news service said. Toshiba, which bought Monroeville, Pennsylvania-based nuclear-power-systems builder Westinghouse Electric Co., has secured orders in the U.S., and Hitachi is exploring the U.S. market by teaming up with General Electric Co., Nikkei said.