TOKYO - Japanese companies, especially those considering investing in the U.S., are closely watching Washington's review of Nippon Steel's proposed $15 billion acquisition of U.S. Steel, Japan's biggest business lobby Keidanren said on Friday.
The deal, facing growing bipartisan political opposition ahead of the U.S. presidential election, has caught the attention of Japanese companies as Washington is Tokyo's closest ally and Japan is the biggest foreign investor into the U.S. Keidanren's statement comes after the Japan-U.S. Business Council, a Washington, D.C.-based industry group representing major Japanese firms, said on Thursday it was seriously concerned by the reports Biden was going to block the sale.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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