The Economy, Trade and Industry Ministry building in Chiyoda Ward, Tokyo
14:55 JST, January 4, 2025
Economy, Trade and Industry Minister Yoji Muto has expressed disappointment over US President Joe Biden’s decision to block a proposed takeover of US Steel by Nippon Steel.
“It is difficult to understand and regrettable that such a decision has been made,” Muto said. “The Japanese industry has voiced strong concerns about future investment between Japan and the United States, and we must take this matter very seriously.”
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