Tag - nippon

 
 

NIPPON

U.S. President Joe Biden — born in U.S. Steel’s home state of Pennsylvania — has long signaled opposition to the company's sale to Nippon Steel.
BUSINESS
Dec 11, 2024
U.S. says review of Nippon Steel bid ongoing as U.S. Steel shares tumble
The companies are poised to pursue litigation over the process if U.S. President Joe Biden decides to block the merger, sources added.
The exterior of a blast furnace building is seen during a media tour by Nippon Steel at their East Nippon Works Kashima Area facility in Kashima, Ibaraki Prefecture, on Friday.
BUSINESS / Companies
Dec 10, 2024
Nippon Steel makes final push to win over U.S. workers
Nippon Steel said it made new commitments with regards to where and when a previously announced $1.4 billion capital expenditure commitment would be spent.
A Nippon Express facility in Tokyo
BUSINESS / Companies
Dec 7, 2024
Fraudulent transport insurance claims found at Nippon Express
The offices falsified data and documents related to insurance contracts and claimed insurance money for cargoes without insurance contracts.
Prosecutors said Tamotsu Shiiki, 58, had sex with a 12-year-old girl at a karaoke parlor on Aug. 20 after he approached her on the streets, well aware that she was underage.
JAPAN / Crime & Legal
Dec 5, 2024
Former Nippon Ishin lawmaker pleads guilty to statutory rape
The lawmaker had approached her on the streets of the Kabukicho entertainment district in Tokyo's Shinjuku Ward on Aug. 20 and was aware she was underage.
If the deal goes through, the Japanese steelmaker has promised not to transfer any U.S. Steel production capacity or jobs outside the United States.
BUSINESS / Companies
Dec 5, 2024
Nippon Steel committed to U.S. Steel takeover, executive says
"There is no global strategy without the U.S.," Takahiro Mori, the Japanese company's vice chairman, said this week.
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
BUSINESS / Companies
Dec 3, 2024
Trump says will 'block' Nippon Steel from taking over U.S. Steel
Days after the U.S. election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year.
Osaka Gov. Hirofumi Yoshimura is elected as Nippon Ishin no Kai's leader in the city of Osaka on Sunday.
JAPAN / Politics
Dec 2, 2024
New Nippon Ishin leader vows to keep distance from other parties
Hirofumi Yoshimura says the party’s strategy is to not take sides with parties in the ruling or the opposition camps.
Hirofumi Yoshimura at a news conference in Kita-ku, Osaka, on Sunday
JAPAN / Politics
Dec 1, 2024
Nippon Ishin elects Osaka Gov. Hirofumi Yoshimura as new leader
Hirofumi Yoshimura succeeds current Nippon Ishin no Kai leader Nobuyuki Baba, who decided to step down after the Lower House election.
Hiroyuki Fukuda is due to become the new president of Nippon Television Holdings in April.
BUSINESS / Companies
Nov 30, 2024
Four Nippon TV affiliates to integrate management in April
The aim of the merger is to stabilize their business base and address the increasingly tough business environment resulting from media diversification.
While the economic benefits of Nippon Steel's acquisition of U.S. Steel are clear, concerns remain about sustaining U.S. domestic steel production, preserving national security interests and addressing union concerns.
COMMENTARY / Japan
Nov 28, 2024
Nippon Steel endgame: Resistance or renaissance for the U.S. steel industry
The endgame for Nippon Steel’s bid for U.S. Steel appears near and the results could have a significant impact on U.S.-Japan relations, depending on the outcome.
Prime Minister Shigeru Ishiba's direct approach appears to mark a shift in the Japanese government's stance on the deal.
JAPAN / Politics
Nov 26, 2024
Ishiba urges Biden to approve Nippon-U.S. Steel deal, sources say
The prime minister sent a letter asking the U.S. president to avoid marring recent efforts to strengthen ties between the two countries.
Four House Republicans wrote to Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo on Friday, saying that recent developments related to the Committee on Foreign Investment in the United States (CFIUS) "have called into question the integrity of its decision-making process,” and demanding the preservation of records related to a potential sale of U.S. Steel to Japan's Nippon Steel.
BUSINESS / Companies
Nov 26, 2024
U.S. Steel review targeted by Republicans for potential probe
GOP lawmakers are calling on U.S. President Joe Biden’s administration to preserve documents related to the proposed sale to Japan's Nippon Steel.
Dai Nippon Printing said that Elliott Investment Management looks to have substantially reduced its position in the company.
BUSINESS / Companies
Nov 25, 2024
Dai Nippon Printing says Elliott has sold most of its stake
Elliott has been active in Japan this year, investing in Tokyo Gas, Sumitomo, SoftBank Group and Mitsui Fudosan.
Nippon Steel has accused critics of the U.S. Steel deal of making inaccurate comments about the transaction.
BUSINESS / Companies
Nov 19, 2024
Nippon Steel claims union 'misinformation' in battle for U.S. Steel
Vice Chairman Takahiro Mori has reiterated commitments made by Nippon Steel, which include maintaining U.S. Steel’s blast furnace operations.
Four candidates vying to lead Nippon Ishin no Kai — from left, former Kanagawa Gov. Shigefumi Matsuzawa, party Deputy Secretary-General Ryuna Kanemura, Osaka Gov. Hirofumi Yoshimura and Lower House member Seiki Soramoto — gather for a stump speech in Osaka on Sunday.
JAPAN / Politics
Nov 18, 2024
Four candidates vie for leadership of Nippon Ishin no Kai
The leadership race follows the resignation of incumbent leader Nobuyuki Baba over the party's lackluster performance in the Oct. 27 general election.
Donald Trump remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to persuade rank-and-file union members and politicians to support the $14.1 billion acquisition of the iconic American company.
BUSINESS / Companies
Nov 16, 2024
Trump promised to kill U.S. Steel deal. Now what?
The president-elect remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to rally support for the sale.
Nippon Steel Vice President Takahiro Mori is set to visit United States next week to meet with union members in a bid to move forward a U.S. Steel takeover deal.
BUSINESS / Companies
Nov 14, 2024
Nippon Steel’s vice president to meet steelworkers in Pittsburgh next week
The move shows the Japanese company is making a push to persuade union members that its bid to take over U.S. Steel will be good for workers.
Nippon Steel Chairman and CEO Eiji Hashimoto told a local weekly that a lawsuit is possible if the company's proposed buyout of U.S. Steel gets blocked without proper procedures being followed.
BUSINESS / Companies
Nov 13, 2024
Nippon Steel does not rule out lawsuit if U.S. Steel deal nixed, CEO says
If the deal falls through without a legitimate reason or proper procedures, the Japanese steelmaker would consider suing the U.S. government, CEO Eiji Hashimoto says.
Osaka Gov. Hirofumi Yoshimura speaks to reporters in Osaka on Tuesday.
JAPAN / Politics
Nov 12, 2024
Osaka governor announces candidacy for Nippon Ishin leadership
Hirofumi Yoshimura said he has decided to run due to a sense that the party is now in crisis.
Prime Minister Shigeru Ishiba votes to elect the prime minister at the Lower House in Tokyo on Monday.
JAPAN / Politics
Nov 11, 2024
Ishiba holds on to PM role as tricky parliamentary session looms
Ishiba was forced into a runoff after no candidate for prime minister was able to secure a simple majority in the first round of voting.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’