TOKYO - Japan will add exemptions to new foreign investment restrictions for companies exposed to sensitive national security issues, government sources said, in a move aimed at keeping overseas capital in the country.
Parliament in November passed a change in law that tightens reporting requirements for foreign investment in sectors related to national security, reflecting domestic and international concerns China could gain access to key confidential technology. Sources told Reuters that the government now plans to widen these exemptions to include foreign investors in the 12 sectors if they agree to certain conditions.
The broader exemptions follow concerns from some foreign investors that tighter rules may make it difficult for them to invest in Japan.
Smart move. They're going to need that foreign investment to help support their future retirees.
Buyers paradise when it all comes crashing down.
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