Nippon Steel Aims to Finalize US Steel Deal by June Amid US Scrutiny🧐

(Kyodo, May 10) Nippon Steel Vice Chairman Takahiro Mori said on May 9 the company is pushing to finalize its $2.7 billion acquisition of US Steel by the June 5 deadline set by President Trump. The deal faces renewed scrutiny by CFIUS, following Biden’s earlier block. Mori declined to comment on possible additional investments, while President Eiji Imai stressed they are negotiating to maintain plans for full ownership. Trump has expressed mixed views, welcoming investment but opposing full Japanese control.🤨🤨🤨🤨🤨

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Stolen Buddhist Statue Returned to Japan After 12 Years; Korea Holds Farewell Ritual🌚

(Kyodo, May 10) A stolen 14th-century Buddhist statue, taken from Kannonji Temple in Tsushima and held in South Korea for over 12 years, was returned to Japan on May 10. South Korea’s Buseoksa Temple held a final farewell ritual before handing over the statue, which will officially return to Tsushima on May 12. The statue’s theft in 2012 had strained Japan-Korea ties. Korea’s Supreme Court ruled in 2023 that ownership belongs to Japan’s Kannonji Temple.👋👋👋👋

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Osaka Expo 2025 Ticket Sales Hit Halfway Mark, Visitor Numbers Lag😎

The Osaka-Kansai Expo 2025 has reached about 11.38 million tickets sold after its first month, nearly half of the 23 million ticket goal. However, only around 2.61 million visitors have attended so far, less than 10% of the anticipated 28.2 million for the full six months. Organizers say expanding reservation slots and preparing for summer heat will be key to boosting attendance. The Expo runs until October 13, 2025.🥸🥸🥸🥸

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Japan’s Top Carmakers Face 38% Profit Drop Amid U.S. Tariff Pressure📉

Japan’s four major automakers, including Toyota and Honda, project a combined net profit drop of 38.8% for fiscal 2025, down to ¥3.71 trillion (~$23.7B USD), largely due to new U.S. tariffs. Toyota alone expects a 34.9% plunge. The total impact on operating profits across seven carmakers could exceed ¥2 trillion, threatening Japan’s broader auto supply chain. Nissan, Subaru, and Mazda have yet to announce earnings forecasts, citing uncertainty.😮😮😮😮

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Trial for Abe’s Assassin Likely to Begin in October🧐

The trial of Tetsuya Yamagami, the man accused of assassinating former Japanese PM Shinzo Abe, is expected to begin in late October, according to reports on May 15. The Nara District Court has proposed a timeline to both sides.😖😖😖

Yamagami, 44, was deemed fully criminally responsible after psychiatric evaluation. The case has spotlighted controversial ties between the Unification Church and politicians, massive donations, VIP security flaws, and struggles of so-called “second-generation believers.”😰😰😰

The trial is expected to focus on both the homemade firearm’s lethality and Yamagami’s motives.😥😥😥😥

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Tensions Surface as Israel Celebrates National Day at Osaka Expo🇮🇱

On May 15, the Osaka-Kansai Expo marked Israel’s National Day, with Israeli Foreign Minister Gideon Sa’ar attending the ceremony. He emphasized strengthening ties and showcasing Israel to the world.😥😥😥

Around 350 people joined the event, which featured live music—but outside the venue, protesters raised Palestinian flags, denouncing Israel’s ongoing actions in Gaza.🤞🤞🤞

Japan’s Vice Foreign Minister Hisashi Matsumoto also spoke, expressing hopes for peace. Sa’ar compared the Hamas hostage crisis to North Korea’s abductions of Japanese citizens, calling it a “shared threat” and thanking Japan for supporting hostage release efforts.🙁🙁🙁

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