Another arms deal between Japan and the United States has emerged after the Japanese government changed its export rules.
Japan sells Patriot missiles to the United States, which will be used to replenish the US military stockpile.
The value of the deal was not disclosed, but the US government welcomed the decision, saying that it would contribute to stability in the Indo-Pacific region.
The Japanese government revised its export rules this week, which prohibits the sale of complete weapons systems. Missiles that can be used for US Patriot systems are also manufactured in Japan under a US license.
According to assessments, the Patriot missiles sold by Japan to the United States indirectly allow the US government to continue supplying Ukraine with military equipment. The US military stockpile has been depleted due to continuing shipments to Ukraine and cannot be replenished from domestic sources due to political controversy over aid to Ukraine.
At about the same time, the White House announced that an investigation would be opened into the case of the Japanese steel company Nippon, which intends to take over the dominant steel company in the United States, US Steel.
According to the statement issued today, Thursday, by the Economic Advisor to the Presidential Office “A foreign acquisition of a prominent American-owned company — even an ally — requires serious consideration because of the potential impact on national security and supply chains.”.
Earlier this week, Nippon announced an agreement to acquire US Steel, the largest industrial company in the United States, for approximately $14.1 billion, and to acquire debt worth approximately $800 million.
Founded in 1901 and headquartered in Pittsburgh, US Steel was crucial to American manufacturing in the 20th century. Century, which can retain its name and headquarters even after a foreigner owns it. US Steel also operates plants abroad, among others in Kasa, which was recently reported to have been sold by several business sources.
The merger of Nippon and US Steel would create the world's third-largest steel company, but it would not be able to surpass China's largest steel companies in terms of size. China currently produces 54 percent of the world's steel production.
