
Why Japan Won’t Stop Trying to Invest in the U.S.
As signs emerged that President Biden was gearing up to stop the Japanese steel maker Nippon Steel from acquiring Pittsburgh-based U.S. Steel, top Japanese officials repeatedly warned that quashing the merger would hinder economic ties between the allies. Japan’s biggest business lobby, Keidanren, said in September that America’s investability would be tarnished if Nippon Steel’s…