Despite recent blow, Japan won’t stop trying to invest in the US

Despite recent blow, Japan won’t stop trying to invest in the US

Tokyo: As signs emerged that President Joe Biden was gearing up to stop Japanese steel-maker Nippon Steel from acquiring Pittsburgh-based US Steel, top Japanese officials repeatedly warned that quashing the merger would hinder economic ties between the allies.In September, Japan’s biggest business lobby, Keidanren, said America’s investability would be tarnished if Nippon Steel’s $15 billion … Read more

Why is Toyota being sued by supplier Nippon Steel?

Why is Toyota being sued by supplier Nippon Steel?

Japan’s Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co Ltd (Baosteel) of China, which it is also suing. It highlights the high stakes for materials producers as technology transforms the auto industry and comes … Read more