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Japan PM asks Biden to allay business community concern over status of Nippon steel-U.S. Steel deal, Jiji says
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Japan PM asks Biden to allay business community concern over status of Nippon steel-U.S. Steel deal, Jiji says
Jan 12, 2025 5:23 PM

TOKYO, Jan 13 (Reuters) - Japan Prime Minister Shigeru

Ishiba asked U.S. President Joe Biden to allay concerns in the

Japanese and U.S. business community over the status of Nippon

Steel's ( NISTF ) planned acquisition of U.S. Steel, Jiji

news agency said on Monday.

Jiji also said Ishiba, Biden and Philippine President

Ferdinand Marcos Jr. agreed in an online meeting to continue

cooperating in maritime and economic security.

Biden blocked the U.S. Steel acquisition on national

security grounds on Jan. 3.

Nippon Steel ( NISTF ) and U.S. Steel said on Saturday the Biden

administration delayed until June an order for the Japanese

company to abandon its $14.9 billion bid for U.S. Steel.

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