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LDP postpones approval of bill to revise foreign exchange law

  • October 11, 2019
  • , Nikkei
  • JMH Summary

Nikkei wrote that at a policy meeting on Thursday the ruling LDP postponed the approval of a GOJ-draft bill to revise the Foreign Exchange Law. The revision is aimed at tightening restrictions on foreign investment in Japanese firms that are involved in nuclear power generation or national security. Some of the participants insisted that it is difficult to determine whether the revision is appropriate and called for the Ministry of Finance to provide further explanation. The GOJ is seeking to enact the bill during the current Diet session.

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