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January 21, 2025
 

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ACQUISITIONS

Elon Musk, left, with Vivek Ramaswamy on Capitol Hill in Washington on Dec. 5.
BUSINESS / Tech
Jan 15, 2025
SEC accuses Elon Musk of bilking Twitter investors out of millions
The agency’s complaint accuses Musk of failing to promptly report that he had amassed more than 5% of the social media platform’s stock in early 2022.
U.S. Steel’s Edgar Thomson Steel Works in Braddock, Pennsylvannia, in 2019. Nippon Steel and U.S. Steel face significant legal challenges in their case against the United States.
BUSINESS / Companies
Jan 15, 2025
Nippon Steel’s case against Biden probably unwinnable, attorneys argue
A U.S. president's rejection of a deal following review by the Committee on Foreign Investment in the United States has only been successfully challenged once.
Cleveland-Cliffs is reportedly in talks with North Carolina-based steelmaker Nucor to acquire U.S. Steel.
BUSINESS / Companies
Jan 14, 2025
Japan avoids commenting on Cleveland-Cliffs CEO's provocative comment
Lourenco Goncalves’ remarks over Nippon Steel’s takeover bid for U.S. Steel and description of Japan as being "evil" stunned many in Tokyo.
SoftBank's Arm Holdings may be interested in taking over chip designer Ampere Computing.
BUSINESS / Companies
Jan 14, 2025
SoftBank's chip designer Arm considers acquiring Ampere Computing
Oracle-backed Ampere makes processors for data center machinery using Arm’s technology.
Cleveland-Cliffs and Nucor may launch a joint bid for United States Steel after Nippon Steel's bid was blocked by U.S. President Joe Biden earlier this month.
BUSINESS / Companies
Jan 14, 2025
Cleveland-Cliffs and Nucor consider joint bid for U.S. Steel
An offer would involve Cleveland-Cliffs acquiring most of U.S. Steel and Nucor taking its so-called mini-mill assets, a source says.
Prime Minister Shigeru Ishiba speaks to reporters after a three-way virtual summit with U.S. President Joe Biden and Philippine President Ferdinand Marcos Jr. on Monday.
JAPAN / Politics
Jan 13, 2025
Ishiba urges Biden to dispel concern about investment in U.S.
Japanese firms invested almost $800 billion in the United States in 2023, more than any other country, and 14.3% of the total, according to official U.S. data.
The exterior of a blast furnace building run by Nippon Steel in Kashima, Ibaraki Prefecture.
BUSINESS / Companies
Jan 12, 2025
U.S. delays enforcement of order blocking Nippon Steel-U.S. Steel deal
The delay will give the courts time to review a legal challenge brought by parties earlier this month against Biden's order.
Apollo Global Management is discussing a commitment of as much as ¥1.5 trillion for an equity stake in a bid by Seven & I’s founding Ito family to take the convenience store operator private.
BUSINESS / Companies
Jan 10, 2025
Apollo weighs $9.5 billion stake in Seven & I management buyout
Under the current proposal, Apollo would join the Ito family and Itochu, the operator of FamilyMart in Japan, as key investors.
A government minister has said the acquisition of 7-Eleven by foreign capital is majorly related to economic security.
BUSINESS / Companies
Jan 10, 2025
Japan to consider 'economic security' in 7-Eleven takeover
Economic revitalization minister Ryosei Akazawa highlighted the role Japan's convenience stores can play in times of crisis, such as after major earthquakes.
Seven & I Holdings reported Thursday that its operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
BUSINESS / Companies
Jan 9, 2025
Seven & I profit drops despite recovery in convenience stores
Operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
Firms in Japan are becoming more proactive to fend off global rivals and activist investors showing renewed interest in the country after decades of stagnant growth.
BUSINESS / Companies
Jan 9, 2025
Japan’s ¥36.4 trillion M&A boom expected to grow as activist investors circle
Firms are becoming more proactive to fend off global rivals and activist investors showing renewed interest in the country after decades of stagnant growth.
A potential foreign acquisition of Japanese retail giant Seven & I would be "heavily related" to national security, Japan's economy minister Ryosei Akazawa said on Wednesday.
BUSINESS
Jan 8, 2025
Japan flags foreign takeover of 7-Eleven owner as a security issue
His public comment is the first by a senior Japanese official over security issues raised by a $47 billion buyout offer by Canada's Alimentation Couche-Tard.
The Tokyo Stock Exchange wants companies to improve governance and performance.
BUSINESS / Markets
Jan 8, 2025
As standards rise, Tokyo Stock Exchange delistings hit decade high
A total of 94 companies were delisted from the Tokyo exchange in 2024, the highest number since it merged with the Osaka Securities Exchange in 2013.
Hiroyuki Sanada's overlooked Golden Globe and Emmy wins and the media's differing reactions to "Shogun" mirror the contrasting political and media responses to Nippon Steel’s acquisition of U.S. Steel, highlighting how local interests shape public perception in both cases.
COMMENTARY / Japan
Jan 8, 2025
Media coverage and political tensions color reactions to Nippon Steel's U.S. acquisition
If the U.S. Steel issue continues to be exacerbated, it might yield short-term benefits for U.S. domestic politics, but it will ultimately hand a windfall to foreign competitors.
Nippon Steel CEO Eiji Hashimoto speaks to reporters about its lawsuit against the U.S. government on Tuesday.
BUSINESS / Companies
Jan 7, 2025
Nippon Steel committed to long-shot lawsuit against U.S. government
Eiji Hashimoto, the steelmaker's CEO, says he is convinced that litigation is the “best course of action” in response to the blocking of its acquisition of U.S. Steel.
Nippon Steel and U.S. Steel sued the U.S. government Monday for blocking the merger of the two companies.
BUSINESS / Companies
Jan 7, 2025
Nippon Steel and U.S. Steel sue U.S. government for blocking deal
The suit argues that the two companies were denied due process and that the $14.9 billion transaction was blocked for political reasons.
Some people are questioning the U.S. decision to block Nippon Steel’s takeover of U.S. Steel, citing the lack of clear evidence of any national security risk from Japan — a country that hosts over 50,000 U.S. troops and relies on America for defense.
COMMENTARY / Japan
Jan 7, 2025
Biden's Nippon Steel move: A troubling snub of a key ally
Preventing the takeover of U.S. Steel is bad enough. Declaring Japan a national security risk is worse.
Paloma Rheem Holdings is offering to buy Fujitsu General, Fujitsu’s air-conditioner unit.
BUSINESS / Companies
Jan 7, 2025
Japanese oven maker to buy out Fujitsu General for $1.6 billion
Paloma Rheem Holdings is offering to pay Fujitsu General stockholders ¥2,808 a share, or as much as ¥164.7 billion.
Nippon Steel had touted the takeover of U.S. Steel as a lifeline for a company that is long past its heyday, but opponents warned that the Japanese owners would slash jobs.
JAPAN
Jan 6, 2025
Ishiba warns blocked U.S. Steel deal could impact investments
Prime Minister Shigeru Ishiba said that U.S. President Joe Biden's decision had sparked worries over future Japanese investments in the world's largest economy.
A drone view shows Gary Works, the largest integrated steel mill in the U.S., which is operated by U.S. Steel, in Gary, Indiana, on Dec. 12.
BUSINESS / Companies
Jan 6, 2025
Rival CEO allegedly spread doubt about Nippon Steel deal to Wall Street
The private remarks the CEO made throughout 2024 about the deal process show the extent of his effort to cast doubt.
Chinese buyer of Okinawa island to make visit in summer
Yanaha Island in Okinawa Prefecture as seen from a ferry.
More bird flu cases found in Japan; 1.44 million birds to be culled
Officials with the agriculture ministry hold a news conference in Nagoya on Friday following an outbreak of avian influenza in Tokoname, Aichi Prefecture, earlier this month.
Fuji TV loses more advertisers amid inquiry into host’s behavior
Fuji TV is losing more advertisers following allegations about inappropriate behavior by a celebrity host and questions about its handling of the case.
As Trump returns, will Japan be able to weather the storm?
Then-U.S. President Donald Trump speaks during a news conference at Akasaka Palace in Tokyo in May 2019.
Top sumo pros to enter the ring in Paris in June 2026
Japan Sumo Association Chairman Hakkaku (right) alongside David Rothschild, the promoter of an upcoming tournament in Paris, on Sunday in Tokyo
As Trump returns, will Japan be able to weather the storm?
Then-U.S. President Donald Trump speaks during a news conference at Akasaka Palace in Tokyo in May 2019.
Amid rising world hunger, a Japan-inspired group in Kenya is making a big impact
Wawira Njiru, the founder of Food4Education, serves food during the opening of a new kitchen in Mombasa County, Kenya, in 2022. The organization started in 2012 by feeding 25 children out of a single kitchen. Now it feeds nearly half a million every day.
From Tokyo to Manhattan, Takuma Watanabe stirs up a stiff drink
It's taken Takuma Watanabe little time to establish himself as one of New York's hottest bartenders.
For tourists in search of seasonal sights, Yamagata makes its case
For some time away from Tokyo's suffocating urban sameness, Yamagata Prefecture is home to a soothing array of natural abundance.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go
By Kazuaki Nagata and Richard Meyer

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