Japan’s Trade Minister: Biden’s Block of U.S. Steel Sale Regrettable; Concerns Allegedly Voiced Over Future Investment

Yomiuri Shimbun file photo
The Economy, Trade and Industry Ministry building in Chiyoda Ward, Tokyo

Economy, Trade and Industry Minister Yoji Muto has expressed disappointment over U.S. President Joe Biden’s decision to block a proposed takeover of U.S. Steel by Nippon Steel.

“It is difficult to understand and regrettable that such a decision has been made,” Muto said. “The Japanese industry has voiced strong concerns about future investment between Japan and the United States, and we must take this matter very seriously.”