Japan government, businesses troubled by Biden's block of U.S. Steel deal

Foreign minister expresses 'regret' to American counterpart Blinken

20250107 Nippon steel Hashimoto and Biden

Business leaders in Japan say they are dismayed by Biden's decision to block the Nippon Steel bid for U.S. Steel, citing unclear reasons for invoking national security concerns. (Nikkei montage/Source photos by Reuters, Yuki Nakao, Yuji Murakami and Mayumi Tsumita)

SAYUMI TAKE, Nikkei staff writer

TOKYO -- U.S. President Joe Biden's order to block Nippon Steel's acquisition of U.S. Steel is rousing concern among the Japanese government and business community that the incident will discourage Japanese corporate investment in the U.S. and weaken bilateral relations.

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