Japan to strengthen screening of foreign investments with U.S.-style panel

The Japanese government decided Tuesday to strengthen screening of foreign investments in the country by setting up a cross-ministerial, U.S.-style panel to prevent leakage of critical technologies and intelligence.Through a revision of the foreign exchange and trade law, the government of Prime Minister Sanae Takaichi seeks to ensure that it can identify foreign investments considered risky in terms of national economic security.Takaichi had called for the establishment of a Japanese version of the Committee on Foreign Investment in the United States when she ran in the presidential electi…READ FULL ARTICLE