The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.

TOKYO: Japan's prime minister on Monday (Jan 6) urged Washington to dispel concerns that a decision by Joe Biden to block Nippon Steel's takeover of US Steel could impact future investments.

A formal ceremony heralded the start of the Japan's sumo wrestling season at the Meiji Jingu shrine on Tuesday, two months after a U.S. man was arrested for desecrating it.

WASHINGTON - The United States on Jan 3 announced the approval of a US$3.6 billion (S$4.9 billion) sale of up to 1,200 advanced air-to-air missiles and related equipment to Japan, one of Washington’s closest allies in Asia.

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed to do in March.

The U.S. government’s blocking of Nippon Steel Corp.’s acquisition of U.S. Steel sent shock waves through the Japanese business community and raised concerns that relations could deteriorate between the allies.

President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.

US Secretary of State Antony Blinken was in Japan on Tuesday for talks expected to address North Korean missile launches, but President Joe Biden's blocking of a steel deal is straining the allies' warm ties.

Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt.

US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its American rival.

US President Joe Biden on Friday blocked Japan's Nippon Steel's proposed acquisition of US Steel, citing national security concerns – a decision that economists say could hurt American steelworkers and the US economy.