Japan enacts revised law to boost foreign investment screening for security

The Japanese parliament on Friday enacted a revised law to strengthen screening of foreign investments in Japan, by setting up a cross-ministerial, U.S.-style panel to prevent leakage of critical technologies and intelligence.The revision of the foreign exchange and trade law paves the way for establishing a Japanese version of the Committee on Foreign Investment in the United States, which would expand the scope of prescreening for risks to national economic security.The government of Prime Minister Sanae Takaichi seeks to ensure that it can identify foreign investments considered risky.Th…READ FULL ARTICLE