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January 21, 2025
 

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ECONOMIC SECURITY

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.
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.
U.S. Steel's Edgar Thomson Steel Works in Braddock, Pennsylvania, in December 2019. The Biden administration blocked the $14 billion takeover of U.S. Steel by Nippon Steel on Friday, citing grounds that the sale posed a threat to national security.
BUSINESS / Companies / FOCUS
Jan 5, 2025
Biden’s decision on Nippon Steel deal followed divide in his orbit
The split was emblematic of so many shifts in U.S. policy — including of Biden’s pledge to build trust with allies and the race against China.
An entrance sign for Nippon Steel's East Nippon Works Kashima Area facility is pictured in Kashima, Ibaraki Prefecture, last month.
BUSINESS / Companies / ANALYSIS
Jan 4, 2025
Nippon Steel rejection shows national security means whatever you want
Experts and former officials say the decision signals how sharply the U.S. has turned away from the principles of globalization.
U.S. President Joe Biden decided Friday to block the proposed $14.9 billion purchase of U.S. Steel by Japan's Nippon Steel, with the firms blasting the decision, calling it a "clear violation of due process" and a political move, and vowing to "take all appropriate action" to protect their legal rights.
BUSINESS / Companies
Jan 4, 2025
Biden blocks Nippon Steel’s $14.1 billion takeover of U.S. Steel
The two firms blasted the decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" in response.
The path forward for the Nippon Steel-U.S. Steel deal is unclear. The companies could sue the U.S. government, another buyer could swoop in for U.S. Steel, or Republicans who favor the deal could urge U.S. President-elect Donald Trump to find a way to approve it.
BUSINESS / Companies / FOCUS
Jan 4, 2025
What's next for the Nippon Steel-U.S. Steel deal?
The companies could sue the U.S. government, another buyer could swoop in, or those who favor the deal could urge Trump to find a way to approve it.
A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan, in September.
BUSINESS / Companies
Jan 3, 2025
Biden to block U.S. Steel sale to Nippon Steel, source says
Biden's call to block the deal was taken despite contrary efforts by some senior advisers concerned that it could hurt U.S.- Japan relations.
Japan is considering introducing a system to allow the government to temporarily acquire factories to prevent important technologies from being taken abroad.
JAPAN
Dec 25, 2024
Japan plans system for temporary control of key plants during emergencies
The system would be activated when production of specified critical products designated in the economic security promotion law are disrupted.
Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden after a U.S. panel on foreign investments was unable to reach a consensus.
BUSINESS / Companies
Dec 24, 2024
Nippon Steel's bid for U.S. Steel referred to Biden for final decision
Committee on Foreign Investment in the United States referred the bid to the U.S. president after failing to reach a consensus.
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
BUSINESS / Companies
Dec 21, 2024
Nippon Steel alleges undue White House influence on doomed deal review
The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel, to the Committee on Foreign Investment in the United States.
Sanjay Mehrotra, CEO of semiconductor company Micron, addresses Semicon India 2023, India’s annual semiconductor conference, held in Gandhinagar, Gujarat state. India is trying to boost domestic chip production, a strategic move for its industrial growth and economic security.
COMMENTARY / World
Dec 19, 2024
India’s budding chip industry: A cause for cautious optimism
Amid the global "chip war," India has entered the fray as it tries to become a semiconductor leader, a move welcomed by those diversifying supply chains away from China.
The U.S. Steel Mon Valley Works Edgar Thomson Plant along the Monongahela River in Braddock, Pennsylvania
BUSINESS / Companies
Dec 19, 2024
Despite revamped proposals, Nippon Steel deal on track to be blocked, letter shows
The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it.
An electric vehicle charging station in Baker, California. The Inflation Reduction Act has spurred investment in EVs and other green technologies across the U.S. and President-elect Donald Trump should continue Joe Biden's climate-related industrial policy.
COMMENTARY / World
Dec 16, 2024
Green tech and U.S.-China rivalry: Two sides of the same coin
The incoming president should improve, not undo, Biden's industrial policies, which have boosted investment in green technologies, a key economic battleground.
U.S. Steel's Gary Works, the largest integrated steel mill in the country, in Gary, Indiana
BUSINESS / Companies
Dec 15, 2024
U.S. foreign investment panel split on Nippon-U.S. Steel deal, report says
The U.S. Treasury has informed Nippon Steel that the panel reviewing its proposed $14.9 billion purchase of U.S. Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.
A Toyota production line in New Jersey. The U.S. is a key market for Japanese automakers, who are closely monitoring policy changes in Washington as the incoming Trump administration is likely to change the course set by President Joe Biden.
COMMENTARY / Japan / Geoeconomic Briefing
Dec 12, 2024
Japan’s auto industry looks down the road to Trump presidency
Of the cars sold in the U.S., 40% are from Japanese makers, who are determined to hold onto this market share despite Washington's policy vagaries in the auto field.
U.S. President Joe Biden — born in U.S. Steel’s home state of Pennsylvania — has long signaled opposition to the company's sale to Nippon Steel.
BUSINESS
Dec 11, 2024
U.S. says review of Nippon Steel bid ongoing as U.S. Steel shares tumble
The companies are poised to pursue litigation over the process if U.S. President Joe Biden decides to block the merger, sources added.
While the economic benefits of Nippon Steel's acquisition of U.S. Steel are clear, concerns remain about sustaining U.S. domestic steel production, preserving national security interests and addressing union concerns.
COMMENTARY / Japan
Nov 28, 2024
Nippon Steel endgame: Resistance or renaissance for the U.S. steel industry
The endgame for Nippon Steel’s bid for U.S. Steel appears near and the results could have a significant impact on U.S.-Japan relations, depending on the outcome.
Prime Minister Shigeru Ishiba's direct approach appears to mark a shift in the Japanese government's stance on the deal.
JAPAN / Politics
Nov 26, 2024
Ishiba urges Biden to approve Nippon-U.S. Steel deal, sources say
The prime minister sent a letter asking the U.S. president to avoid marring recent efforts to strengthen ties between the two countries.
An IBM research facility in Albany, New York. Despite some continuity between the first Trump administration and Biden's policies on critical and emerging technologies, the outgoing president placed more emphasis on cooperation with allies.
COMMENTARY / World / Geoeconomic Briefing
Nov 26, 2024
Will Trump change course on critical and emerging tech?
Washington's policies to protect key tech fields have not just hurt China, but U.S. allies too, leading to a form of cooperation with friction whose future is uncertain.
Four House Republicans wrote to Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo on Friday, saying that recent developments related to the Committee on Foreign Investment in the United States (CFIUS) "have called into question the integrity of its decision-making process,” and demanding the preservation of records related to a potential sale of U.S. Steel to Japan's Nippon Steel.
BUSINESS / Companies
Nov 26, 2024
U.S. Steel review targeted by Republicans for potential probe
GOP lawmakers are calling on U.S. President Joe Biden’s administration to preserve documents related to the proposed sale to Japan's Nippon Steel.
Chinese buyer of Okinawa island to make visit in summer
Yanaha Island in Okinawa Prefecture as seen from a ferry.
Japanese firms weigh fallout from Trump tariff pledges
Economists, legal experts and business leaders concur that incoming U.S. President Donald Trump's pledge to implement fresh tariffs — whether directly aimed at Japan or not — could hurt the country's export-reliant machinery and automobiles industries while shattering the global economy.
Cedar pollen is already in the air in Tokyo
Climate change and urbanization are believed to have contributed to the earliest ever observation of cedar pollen in Tokyo, on Jan. 8, an expert says.
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.
Japan looks to learn from the past with bid to build Australian warships
The Maritime Self-Defense Force's Mogami frigate, of the class of the same name, is anchored at the MSDF's naval base in the city of Yokosuka, Kanagawa Prefecture, in September 2022.
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.
A slow dive into ‘a moment and an eternity’ with Ryuichi Sakamoto
From the mid-2000s onward, Ryuichi Sakamoto created a number of installation works, often in collaboration with Shiro Takatani, of multimedia art collective Dumb Type.

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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