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Corporate Japan sees promise and peril in Biden era

Materials makers welcome green stance, even as automakers fear policy whiplash

A Nissan Leaf sits next to a charging station at an auto show in Detroit.   © Reuters

TOKYO -- Many Japanese businesses see opportunities in U.S. President-elect Joe Biden's climate policy, but the automobile sector is a bit more cautious after being buffeted by incumbent Donald Trump's regulatory swings.

"If there are changes in the environmental regulations and larger demand for electric vehicles, there will be a growth in demand for aluminum material for lighter auto bodies," said Miyuki Ishihara, president of UACJ, Japan's largest maker of flat-rolled aluminum.

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