Chief executive Hidetoshi Shibata said a shortage of supplies of raw materials in Europe and North America was a greater risk than boosting production in Japan
China's holdings of US government debt fell to $980.8 billion in May, the lowest since May 2010. Yields of US Treasuries slid about 15 basis points during the month.
The model is for Japanese and US businesses to jointly establish a new company, or else Japanese firms could set up a new manufacturing hub in the US
The company plans to spend $1.9 billion over the next five years to ramp up production of gasoline and electric vehicles around 2025 before opening an EV line in a new factory after 2027
News of the deal came as the US asked Japan if it could divert some of its LNG imports to Europe in the event of a crisis in Ukraine