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Japan PM asks Biden to address "strong concerns" in business community over blocking steel takeover deal: media
STORY: Japan PM asks Biden to address "strong concerns" in business community over blocking steel takeover deal: media
SHOOTING TIME: Jan. 7/13, 2025
DATELINE: Jan. 13, 2025
LENGTH: 00:01:00
LOCATION: Tokyo
CATEGORY: POLITICS/INDUSTRY
SHOTLIST:
1. various of Nippon Steel's headquarters
2. SOUNDBITE (Japanese): SHIGERU ISHIBA, Japanese Prime Minister
3. various of the press conference in Nippon Steel's headquarters earlier
STORYLINE:
Japanese Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to address "strong concerns" in both Japanese and U.S. business circles following Biden's order to block Nippon Steel's takeover of U.S. Steel, local media reported Monday.
The prime minister conveyed the request during an online meeting with Biden, according to Jiji Press' report.
SOUNDBITE (Japanese): SHIGERU ISHIBA, Japanese Prime Minister
"In today's online meeting, I expressed to the U.S. that (preventing the acquisition) has caused strong concerns not only in Japan, but also in the U.S. economic community. I think President Biden should also be aware of this, and this concern is spreading between the two countries. I strongly demand that the U.S. eliminate these concerns."
On Jan. 3, the U.S. president decided to block the takeover of U.S. Steel by Japan's Nippon Steel, citing risks to national security, while urging the two steelmakers to "fully and permanently" abandon their plan.
On Saturday, Nippon Steel and U.S. Steel said the Biden administration delayed until June an order for the Japanese company to abandon its 14.1 billion U.S. dollars bid for U.S. Steel.
Xinhua News Agency correspondents reporting from Tokyo.
(XHTV)
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