A relevant Japanese government source revealed on the 3rd that the government has decided on a policy and plans to adjust the prior review system for overseas companies and investors investing in Japanese companies. The purpose of this move is to prevent the outflow of important technology and information relating to economic security and strengthen the review system. The government will establish a new “Committee on Foreign Investment in Japan” to try to amend the Foreign Exchange and Foreign Trade Law at next year's regular Diet session.

A relevant Japanese government source revealed on the 3rd that the government has decided on a policy and plans to adjust the prior review system for overseas companies and investors investing in Japanese companies. The purpose of this move is to prevent the outflow of important technology and information relating to economic security and strengthen the review system. The government will establish a new “Committee on Foreign Investment in Japan” to try to amend the Foreign Exchange and Foreign Trade Law at next year's regular Diet session.