News of an expected scuttling of Nippon Steel¡¯s takeover of U.S. Steel was met in Japan with a mixture of disappointment and resignation, with even the loudest voices offering little more than measured criticism and balanced remarks.
¡°I don¡¯t think a government should arbitrarily intervene in a single case,¡± digital minister Taro Kono said.
¡°Everyone wants the votes of labor unions in the presidential election, but I hope that the market will not be distorted by such things,¡± added Kono, who is in the running to be the next president of the ruling Liberal Democratic Party, and, effectively, the next prime minister.
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