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Japanese investments in the US remain strong despite Nippon Steel's takeover rejection

share-iconPublished: Wednesday, January 08 share-iconUpdated: Wednesday, January 08 comment-icon10 months ago
News sources:
SCMP
Japanese investments in the US remain strong despite Nippon Steel's takeover rejection

Credited from: SCMP

  • US President Joe Biden has blocked Nippon Steel’s acquisition of US Steel due to national security concerns.
  • The US$14.9 billion bid was initiated in December 2023, and the companies have since filed lawsuits in response.
  • Analysts believe this decision could impact Washington's credibility with Japan as a reliable economic partner.
  • Despite the setback, Japanese investments in the US are likely to remain strong, bolstered by a favorable manufacturing market.
  • Japan has consistently been the leading source of foreign investment in the US, with US$783 billion in commitments for 2023.

For more details, you can read the full article here.

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Japan Nippon steel Us steel Foreign investment National security
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Author:

Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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