TOKYO (Reuters) -Nippon Steel plans to invest over 860 billion yen ($5.98 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, public broadcaster NHK said on Friday.

Nippon Steel plans to invest nearly 870 billion yen ($6.05 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, the company said on Friday. Japan's governme

The $14 billion that Nippon Steel Corp. executives have pledged to pump into the operations of U.S. Steel Corp. could weaken the U.S. steel market, two analysts noted this week—with one of them saying steel fundamentals are “in free fall.”

The U.S. government will have veto power over key decisions relating to U.S. Steel , as part of a deal with Nippon Steel that would approve the Japanese firm's bid for the well-known American steel company,

United Steelworkers raises concerns about Nippon Steel's partnership with U.S. Steel, seeking clarity on investment plans and workforce impact.

Gary Mayor Eddie Melton said Nippon Steel​ plans to pump $1 billion in the Gary Works U.S. Steel facility — the largest steel plant in the country.

Nippon Steel plans to invest over 860 billion yen ($5.98 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, public broadcaster NHK said on Friday.

From the Japan-US tariff negotiations, to the latest on the Nippon Steel deal and the idea of a US-Japan sovereign wealth fund, Andrea Heng and Hairianto Diman get a round-up of the business headlines in Japan.