Technology will be key to US-Japan global alliances

Significance

The blueprint, laid out at their April 26 summit, seeks to expand cooperation with developing countries in these sectors, particularly in regions where Chinese influence is growing.

Impacts

• Like-minded powers such as Australia are likely to join US-Japan joint projects.
• US-Japan cooperation will factor in each country’s attempts to realign their technology supply chains post-pandemic.
• Ongoing restructuring of the US International Development Finance Corporation under Biden could delay US co-financing.