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24.05.2025

24.05.2025Day Trump Reverses Nippon Steel Decision

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This page is an archive of main headlines from Japan for 24.05.2025.

It displays 30 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

24.05.2025Day Trump Reverses Nippon Steel Decision
Trump's reversal on the Nippon Steel-US Steel acquisition dominated Japanese media throughout the day. Early morning reports confirmed Trump's approval of the previously contentious $14 billion deal, now carefully framed as a "partnership." Nippon Steel expressed "respect for Trump's wise decision," signaling diplomatic deference to the incoming administration.

The development comes as Japan-US tariff negotiations reach a "critical stage," with G7 agreements potentially in sight. These trade discussions represent a continued response to Trump's economic policies that have troubled Japanese manufacturers.

Meanwhile, domestic issues persisted. The government announced plans to allocate 390 billion yen from reserve funds to subsidize electricity and gas costs amid inflation concerns. Former minister Moriyama defended agricultural policy, stating "cheap rice isn't everything," as the administration continued managing fallout from the rice price crisis that precipitated former Agriculture Minister Eto's dismissal and contributed to cabinet support falling to 20.9%.
24.05.2025
00:16

03:33Trump Approves Nippon Steel's US Steel Acquisition

The newspapers report on President Trump's approval of Nippon Steel's acquisition of US Steel, with multiple sources confirming the deal will move forward as a "partnership" (The Japan Times, Kyodo News English, Nikkei Asia, Nikkei Shimbun). This represents a significant development in Japanese-American business relations after previous uncertainty about the acquisition. Meanwhile, Yahoo News Japan features a historical piece about a 15-year-old who survived air raids on Omotesando, while domestic criticism continues against Prime Minister Ishiba for his handling of rising rice prices (Japan Business Press).
04:38
経営再建中の自動車部品大手マレリホールディングス(旧カルソニックカンセイ)が、インド同業大手マザーサン・グループから買収提案を受けたことが24日わかった。マレリは提案を受け入れる方針で、26日にも開く債権者集会でマザーサンをスポンサーとした私的整理の計画を協議する。 マレリは売上高の3割程度が日産自動車向けで、日産の経営不振が部品業界に波及する事態になった。マザーサンは米投資ファンドのKKRが保…
04:38

06:37Nippon Steel-U.S. Steel Partnership Receives Trump Blessing

The newspapers report on Trump's approval of Nippon Steel's acquisition of U.S. Steel as a "partnership" deal, marking a significant development in Japanese-American business relations (The Japan Times, Kyodo News English, Nikkei Asia). In automotive news, auto parts manufacturer Marelli Holdings (formerly Calsonic Kansei) is reportedly accepting a buyout proposal from India's Motherson Group and planning private restructuring discussions on May 26, with Nissan's business troubles affecting the parts industry (Nikkei Shimbun). Meanwhile, former Minister Koizumi is meeting with rice producers to discuss rice prices amid ongoing concerns about inflation (Yahoo News Japan, Japan Business Press).

11:18Japan-US Tariff Negotiations Reach Critical Stage

The newspapers report on developments in Japan-US trade relations, with Japan-US tariff negotiations reaching a crucial stage (Yahoo News Japan). Trump has announced a "partnership" deal between Nippon Steel and US Steel, suggesting progress in resolving this significant business issue (The Japan Times, Kyodo News English, Nikkei Asia). Meanwhile, a new "bicycle for all heights" has been developed in Japan, with coverage focusing on the background of this innovation (Huffington Post Japan). In automotive news, parts manufacturer Marelli is reportedly accepting a buyout from India's Motherson Group amid ongoing restructuring (Nikkei Shimbun).

14:23Trump Welcomes Nippon Steel's $14 Billion Investment

The newspapers report on Trump's approval of Nippon Steel's $14 billion investment to acquire US Steel, a significant development in Japanese-American business relations (Nikkei Shimbun, The Japan Times, Kyodo News, Nikkei Asia). After previous uncertainty, Trump now welcomes the deal framed as a "partnership." Meanwhile, the Japanese government plans to allocate 390 billion yen from reserve funds to support electricity and gas costs for consumers (Yahoo News Japan), signaling efforts to address rising utility prices amid ongoing economic concerns.

22:52North Korean Warship Capsizes Underwater

The newspapers report on new developments in two major stories. North Korea's latest large military vessel has reportedly capsized underwater, angering Kim Jong-un who discovered defects in the ship (Japan Business Press). Meanwhile, coverage of the Nippon Steel acquisition continues, with Trump's administration approving the deal while emphasizing "steel revival" and linking security with domestic industry concerns (Nikkei Shimbun). Nippon Steel's tenacious pursuit of the deal, involving massive investment to break the deadlock, is also highlighted (Yahoo News Japan).