TOKYO, Feb 14 (News On Japan) –
The House of Representatives held a plenary session on February thirteenth, throughout which Prime Minister Shigeru Ishiba reported on his go to to the United States. Regarding Nippon Steel’s deliberate acquisition of US Steel, he acknowledged after the Japan-US summit that the 2 nations had “agreed on making a substantial investment rather than a takeover.”
However, after the assembly, US President Donald Trump remarked that “Nippon Steel will not hold a majority stake.”
In response, Koichi Takemasa, a member of the Constitutional Democratic Party, questioned whether or not the Japanese authorities was conscious of this stance prematurely.
Ishiba clarified that “there was no discussion on specific investment ratios during the summit” and emphasised that “this is not a simple acquisition where one side gains unilateral benefits. By leveraging Japanese technology and capital to make a bold investment in the United States, we aim to create high-quality products that the US and global markets demand—essentially a win-win relationship.”
He added that the Japanese authorities would “facilitate communication among relevant parties as needed” transferring ahead.
Source: THE PAGE