Ernesto Torres Cantu, Citi's head of international business outside North America, said companies across these Asian economies have significant capacity to invest in the US, suggesting that the trend of increased capital inflows is likely to persist.
Speaking to Reuters in Hong Kong, Cantu said inbound business into North America was recording double-digit growth, reflecting rising investment activity by global companies seeking to expand their presence in the US.
Citi and JPMorgan are among the banks financing Japanese projects linked to Tokyo's $550 billion investment commitment to the US. Meanwhile, the White House recently announced the initial phase of South Korea's $350 billion strategic investment package.
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According to Cantu, investments in US-bound projects typically build over time as companies move through different stages of expansion, from acquiring land and constructing factories to setting up manufacturing operations and managing day-to-day activities. This gradual process is expected to sustain investment flows over an extended period.
He added that large multinational companies had demonstrated considerable resilience amid geopolitical disruptions and…