Lutnick says update coming this week on Japan's $550 billion US investment

TOKYO (Reuters) -The United States will make an announcement this week on Japan's $550 billion investment in the U.S., Commerce Secretary Howard Lutnick said, as a top Japanese trade envoy is reportedly planning to visit Washington to formalise the deal. "The Japanese agreement, which we're going to announce later this week, that's $550 billion at the hand of Donald Trump," Lutnick told the Ingraham Angle show on Fox News on Monday night. Washington and Tokyo agreed in July to set a reduced 15% tariff on Japanese goods in exchange for a $550 billion package of U.S.-bound investment through government-backed loans and guarantees, but details of the package remain obscure.