Nippon Steel's spotty home record may pose risks for U.S. Steel deal

Investments in Osaka Steel and other listed subsidiaries could be put under a global spotlight

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The Nippon Steel logo is displayed at the company's headquarters in Tokyo. © Reuters

Nicholas Benes is chief executive of the Board Director Training Institute of Japan.

U.S. President Donald Trump has stated that U.S. Steel will remain an American company and Nippon Steel will "invest heavily" in it. This implies that the Japanese firm would have a non-controlling but substantial stake in U.S. Steel.

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