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ECONOMY > Economic Policy

Japan lists 518 companies subject to tighter foreign investment rules

  • May 9, 2020
  • , Yomiuri, Nikkei, Sankei
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Saturday morning’s Nikkei, Yomiuri, and Sankei wrote that the Finance Ministry released on Friday a list of 518 Japanese corporations, including Mitsubishi Heavy Industries, Toyota, Sony, and SoftBank, that will be subject to prescreening by the ministry when foreign investors plan to acquire more than 1% of their equity. The regulation is intended to prevent foreign entities from purchasing Japanese businesses that possess critical technology and expertise with national security implications in 12 industrial sectors, such as defense, aviation, utilities, and nuclear power. The ministry’s list covers 14% of the nation’s publicly traded firms. Nikkei predicted that more companies, especially those in the pharmaceutical and healthcare fields, are likely to be added to the list since safeguarding the medical sector is deemed critical for national security amid the coronavirus outbreak. Monday’s Yomiuri wrote that the GOJ has decided to add firms involved in the production of the anti-flu drug Avigan to its list of companies that will be subject to strict pre-screening for foreign investment to secure stable supplies of the drug.

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