Japan PM asks Biden to allay business community concern over status of Nippon Steel-US Steel deal, Jiji says
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JAPAN Prime Minister Shigeru Ishiba asked US President Joe Biden to allay concerns in the Japanese and US business community over the status of Nippon Steel’s planned acquisition of US 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 US Steel acquisition on national security grounds on Jan 3.
Nippon Steel and US Steel said on Saturday the Biden administration delayed until June an order for the Japanese company to abandon its US$14.9 billion bid for US Steel. REUTERS
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