News On Japan

Harris opposes sale of U.S. Steel to Japan's Nippon Steel

Sep 03 (Kyodo) - U.S. Vice President Kamala Harris said Monday she is against the planned acquisition of United States Steel Corp. by Japan's largest steelmaker, promising to build an economy that is good for working-class people, as her race for the White House against Donald Trump heads into the final stretch.

Regarding Nippon Steel Corp.'s plan, Harris, the Democratic Party's presidential nominee, said at a Labor Day campaign rally in Pittsburgh that the U.S. producer should remain domestically owned and operated.

Harris, hoping to shore up support from blue-collar workers, attended the event with President Joe Biden, who abandoned his bid for a second term in July. While vowing to further strengthen the country's manufacturing sector, she called U.S. Steel a "historic company." ...continue reading

News On Japan
POPULAR NEWS

A 16-year-old boy has been arrested in connection with a deadly robbery at a home in Kamimikawa, Tochigi Prefecture, on May 14th, in which a 69-year-old woman was killed and two other family members were injured.

Bluefin tuna, now being caught in unusually large numbers around areas such as Sado Island in Niigata Prefecture, is becoming significantly more affordable, with some restaurant operators even saying it is cheaper than horse mackerel.

The impact of Japan’s growing naphtha shortage is spreading across a widening range of industries, raising concerns about manufacturing, logistics, and even daily consumer life.

The Cannes Film Festival opened this week with three Japanese films nominated for the festival’s top prize, the Palme d'Or, including 'Sheep in the Box' directed by Hirokazu Kore-eda, 'Nagi Notes' directed by Koji Fukada, and 'Suddenly Feeling Unwell' directed by Ryusuke Hamaguchi.

Japan has approved the application of public health insurance to a regenerative medicine product using iPS cells to treat Parkinson’s disease, marking the world’s first practical use of iPS cell-based regenerative medicine.

MEDIA CHANNELS
         

MORE Business NEWS

ENEOS Holdings announced that a tanker operated by one of its group companies has successfully passed through the Strait of Hormuz in the Middle East.

Aichi Financial Group, which owns Aichi Bank, and Mie Prefecture-based Sanjusan Financial Group announced that they have reached a basic agreement toward a management integration.

Nissan Motor announced its financial results for the year through March 2026 on May 14th, reporting a net loss for the second consecutive year as the company continues efforts to rebuild its business.

Despite a prolonged downturn in the publishing industry, a bookbinding machine manufacturer based near Lake Biwa has continued to expand globally by adapting to a major shift in the way books are produced.

The “ink shock” caused by tensions in the Middle East is beginning to spread across Japan’s food packaging industry, prompting manufacturers to simplify designs and reduce ink usage as concerns grow over naphtha supplies and rising printing costs.

The yield on Japan’s benchmark newly issued 10-year government bond rose to 2.60% in the Tokyo bond market on May 13th, marking its highest level in approximately 29 years since June 1997.

Foreign acquisition of Japanese land has become a growing topic of debate in recent years, and now the trend is reaching Ashiya, one of the Kansai region’s most prestigious residential areas, where soaring property prices are increasingly being linked to demand from wealthy Chinese buyers.

Bloomberg reported on May 11th that SoftBank Group Chairman and CEO Masayoshi Son held discussions with French President Emmanuel Macron regarding investment in AI data centers in France.