Japan is to Launch New Regulation for Foreign Ownership
Government changes the law of foreign ownership in industrial
sector such as defence, nuclear power, utilities and telecom effective in 2020.
The law changes reporting requirements for foreign investment from 10 percent stake
ownership in company to 1 percent. The rule creates mix response mainly for foreign
investor who dissatisfied as the limit of ownership too low. But local business
people support the law due to the extent of Chinese capital ownership could dominate
Japan share and real estate. In a survey done by Koichi Fujishiro, senior economist at
Dai-ichi Life Research Institute said that the law resulted in slow down direct
investment as Japanese firms tied-up with foreign investment. (BN/TR01/11/Dec/21019)
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