Published: 12:32, January 13, 2025 | Updated: 12:46, January 13, 2025
Report: Japan PM asks Biden to address concerns over blocking steel takeover deal
By Xinhua
Japan's Prime Minister Shigeru Ishiba speaks during a joint press conference at Bogor Presidential Palace in Bogor, West Java, Indonesia, Jan 11, 2025. (PHOTO / AP) 

TOKYO - Japanese Prime Minister Shigeru Ishiba asked US President Joe Biden to address "strong concerns" in both Japanese and US business circles following Biden's order to block Nippon Steel's takeover of US Steel, local media reported Monday.

The prime minister conveyed the request during an online meeting with Biden, according to Jiji Press' report.

ALSO READ: Blinken visits Japan as Nippon Steel decision weighs on relations

"Strong concerns are being raised not only in Japan but also in the US business community. I strongly urged that these concerns be dispelled," Ishiba told reporters, but he did not disclose Biden's response.

READ MORE: Nippon Steel, US Steel sue Biden administration over blocked deal

On Jan 3, the US president decided to block the takeover of US Steel by Japan's Nippon Steel, citing risks to national security, while urging the two steelmakers to "fully and permanently" abandon their plan.

READ MORE: Nippon Steel plans lawsuit after Biden's blocking of acquisition

On Saturday, Nippon Steel and US Steel said the Biden administration delayed until June an order for the Japanese company to abandon its $14.1 billion bid for US Steel.