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 communities over the status of Nippon
Steel's ( NISTF ) planned acquisition of U.S. Steel.
Ishiba made the request in a three-way online meeting with
Biden and Philippine President Ferdinand Marcos Jr. on Monday,
which covered issues of economic security and cooperation in
maritime security in the South China Sea, according to a
spokesman from Japan's Ministry of Foreign Affairs.
"Prime Minister Ishiba pointed out that cooperation among
allies and like-minded countries is indispensable for
establishing resilient supply chains, and that it is important
to make efforts to ensure that companies can invest with peace
of mind in order to promote economic security," he added.
The spokesman confirmed that Ishiba mentioned the Nippon
Steel-U.S. Steel deal in particular.
The Biden administration has delayed until June an order for
Nippon Steel ( NISTF ) to abandon its $14.9 billion bid for U.S. Steel,
the companies said on Saturday, after the president earlier
blocked the acquisition on national security grounds on Jan. 3.