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ECONOMY

Bill to tighten foreign investment rules enacted

  • November 22, 2019
  • , NHK
  • JMH Summary

NHK reported that a bill to tighten regulations on foreign investment in Japanese companies related to national security was enacted on Friday by a majority vote in the Upper House. Foreign companies related to arms production and nuclear energy are currently required to give advance notice to the GOJ if they seek to obtain a 10% or higher stake in a listed Japanese firm. However, the new law will lower the threshold to 1%. The network said the law will exempt foreign investors from prior notification if they plan to buy shares of companies not related to national security so as not to deter direct investment in Japan.

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