Nippon Steel's US setback a wake-up for Japan Inc's foreign investments

Quick Summary:

As one of Washington's closest allies, Japan has not had any issues with US regulators in recent years and companies in the country have been assessing assets abroad given a falling yen and stagnant economy at home.

White House is close to announcing President Joe Biden will block the $15 billion US Steel deal on national security grounds.

If the Nippon Steel deal collapses, break-up fees might increase and buyers will become more cautious, they added.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: Nippon Steel US Steel US presidential election

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 09:27:45 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22442150

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