Business groups say the decision could have a chilling effect on Japan's standing as the biggest foreign investor in the United States, just as Washington seeks closer ties with Tokyo to counter China.
The visits show “not just the importance, the centrality, the United States attaches to our alliance”, Blinken said as he met Foreign Minister Takeshi Iwaya.
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Blinken also cited the strength of economic ties but made no direct mention of Biden's decision last week to block Nippon Steel's $14.9-billion takeover of long-struggling US Steel, citing national security concerns.
“We’re certain the lawsuit will reveal a set of facts that clearly violate the constitution and the law, so I believe we have a chance of winning,“ Nippon Steel chair Eiji Hashimoto said on Tuesday.
“This is exactly in line with what we’re doing.”
Nippon Steel had touted the takeover as a lifeline for a US company long past its heyday but opponents warned that the Japanese owners would slash jobs.
Japan and the United States are each other's top foreign investors, with Japanese firms investing almost $800 billion in the United States in 2023.
Blinken had a sushi breakfast at a famous fish market on Tuesday and will later meet Prime Minister Shigeru Ishiba, who said on Monday the United States should “explain clearly” the security concerns cited by Biden.
“There are concerns being raised within Japan’s industrial world over future Japan-US investment,“ Ishiba warned in unusually outspoken comments.
Blinken had been in Seoul in part to push to preserve three-way cooperation by the United States, Japan and South Korea.
“It’s in the strategic interest of each of our countries not just to sustain this trilateral cooperation, but to grow it in the years ahead,“ Blinken told reporters in Seoul.
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