UK, Japan to deepen ties with £18 billion investment agreement in World Economy News 15/06/2026 The UK and Japan are expected to sign an £18 billion ($24.1 billion) investment agreement focused on clean energy, infrastructure, and financial services, according to a Bloomberg report. The agreement is expected to include up to £9 billion of Japanese investment for the development of 5.9 gigawatts of floating offshore wind projects in the UK. According to the UK government, the projects could eventually generate enough electricity to power about 8 million homes. The announcement comes ahead of a meeting on Sunday between UK Prime Minister Keir Starmer and Japanese Prime Minister Sanae Takaichi at Downing Street. Business leaders from both countries are also expected to attend the discussions before the Group of Seven summit in France. The UK government said the broader package is expected to support job creation across the offshore wind, infrastructure, and financial services sectors. The agreement forms part of efforts by both countries to strengthen economic ties and expand cooperation in strategic industries. The UK has been seeking to attract greater foreign investment into its clean energy sector as it pursues long-term energy security goals and aims to expand renewable power generation. Japan, meanwhile, has increased overseas investment in energy and infrastructure projects as companies look to secure long-term growth opportunities and support the global energy transition. In a statement, Starmer said the partnership would help advance collaboration on technology, research, and industry between the two countries. “As G7 economies and close security partners, we are working together with Japan on some of the most innovative technology in the world,” Starmer said. The investment announcement comes as governments across Europe and Asia increase spending on renewable energy projects, including offshore wind developments, to meet climate targets and reduce dependence