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Nippon-US Steel block explanation demanded by Japan’s ruling party

( January 10, 2025, 02:51 GMT | Official Statement) -- MLex Summary: Japan’s ruling Liberal Democratic Party, or LDP, is seeking clarification on the "security concerns" cited by US President Joe Biden in blocking Nippon Steel’s acquisition of US Steel. LDP lawmaker Takayuki Kobayashi, a member of the lower house of the National Diet, said the US decision impacts not just the business transaction but also economic security cooperation between the two nations. In a resolution, the party criticized the decision as detrimental to national interests and international order. It also urged the Japanese government to address these concerns with the US at a high level and seek appropriate actions, including reconsideration of the halt....

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