TOKYO - Japan detailed an array of companies that will be subject to new rules restricting foreign investment, moving to protect industries it says are core to national security from the influence of foreign state interference.
- a broader group of more than 1,500 companies in non-core industries including broadcasting and transport, subject to less stringent rules. BROAD EXEMPTIONS "This is in line with what the governments around the world are doing," said Justin Tang, head of Asian research at United First Partners."This is largely to prevent predatory and opportunistic acquisitions at a time when companies are weakened due to the one-off effects of Covid-19."
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