Global data center infrastructure investment

Investment and development activity in data center infrastructure is expanding across Japan and the United States, driven largely by demand for artificial intelligence capacity.

In the United States, Nippon Life Insurance has announced plans to invest approximately $13 billion into infrastructure financing, with a specific focus on constructing data centers. The insurer aims to utilize project finance arrangements to pursue spreads exceeding 2%, targeting a total outstanding project finance balance of 2 trillion yen by fiscal 2035.

In Japan, NTT Data Group Corp. is negotiating a $6.3 billion project to build a dedicated data center for the AI startup Anthropic in Osaka. If completed, the facility would be one of Japan’s largest computing sites for a single developer, with partial operations targeted for 2028. This initiative is part of NTT’s strategy to increase its domestic IT power capacity to 1 GW by fiscal 2033. The Japanese government has signaled support for such infrastructure, citing national security benefits related to “data sovereignty and local processing.”