[Washington = Yasoshima Ayahei] The US government, which was reviewing Nippon Steel’s plan to acquire US Steel, reported to President Biden on the 23rd that inter-agency discussions had not concluded. The Washington Post reported this. Biden now has 15 days to make a final decision on whether to issue a halt to the acquisition. The proposed acquisition was being reviewed by the Committee on Foreign Investment in the United States (CFIUS), an interagency body of the U.S. government, to determine whether the acquisition posed security concerns. 23…(The following is a paid version, 509 characters remaining) Nikkei Shimbun, December 24, 2024 9:37 (Updated December 24, 2024 10:11).
>>6 It’s just a matter of choosing between Japan paying 80 billion and erasing US Steel from this world, or Biden signing the contract and having Japan bail out the company. I’m not sure if Nippon Steel understands that, though.
Unlike the US, Japan is a country that does not require citizens to state their country of origin in official documents, so people can easily flow to China through Japanese companies and civil servants. Rather than Chinese-Americans sending migrants to China at naval bases in the United States, Japan should stop it because of its lax laws.
If they don’t like it, they can use tax money to offer a higher stock price and nationalize it. It’s just a question of whether or not to use public funds.
Nippon Steel is stupid too. Shouldn’t Japan have said that it would make it mandatory to state one’s country of origin on official documents, just like the US? If they urge the Japanese government to make it mandatory to state one’s race, ethnicity, and country of origin on official documents, they should have said that they would be stricter than the US. There are Chinese, ethnic Koreans, and other races within Nippon Steel, so there’s no reason why we can’t say anything, right? It’s the same as other Japanese companies and public servants, so there’s no reason why we can’t say anything in the Hitachi lawsuit, right?
If you’re just going to leave it all to Biden, you’re already going to lose miserably and quit, so read the room.
You don’t need to cancel it because you’re not in a position to scare the people or Trump, right? The reality is that even if you stop it, there’s no way you can prepare a card to save US Steel.
America is an amazing country. Regardless of regulations, the government just threw in the towel and said, “Let the next highest authority decide according to their own mood.” In a way, it’s pretty clean.
Biden, or rather Biden has dementia, so the people who manipulate him can do whatever they want before Trump becomes president. I was watching the overseas news just now and Biden said something like, “We’re going to reduce the sentences of death row inmates?” It doesn’t benefit anyone, but the mafia and gangsters will be happy, right? It doesn’t make sense.
The ideal scenario will be for a mountain of misconduct at Nippon Steel to come to light, for it to become clear that the acquisition was inappropriate in the first place, and for the company to have to pay not just a penalty but huge compensation for the misconduct.
I am against the acquisition because I would rather see Trump rejecting the TPP and covering everything in his own country, the US, than Japan, which cannot maintain its territorial integrity without the TPP. Japan has lax laws, so if they make a purchase, the money will flow to China. Kameda Seika’s Indians are saying that immigrants should come to Japan, so of course there are a lot of Chinese, Korean, and other races in Japan.
Other American steel companies are against it, but US Steel’s union, management and shareholders are all in favor, so it’s a lifeline for US Steel itself.
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