Japan launches cross-ministerial panel to prescreen foreign investments

Japan on Monday established a cross-ministerial, U.S.-style committee to strengthen the country's prescreening of foreign investments, as it seeks to prevent leaks of critical technologies and ensure economic security.The launch of the body, called the Japan Foreign Investment Committee, or JFIC, followed a revision to the foreign exchange and trade law to cope with rising applications as more sectors are deemed critical for national security."We will strengthen information sharing and enhance screening capabilities across the government as a whole," Prime Minister Sanae Takaichi said at th…READ FULL ARTICLE