In November of 2021, Japan adopted two licensing exemptions aimed at assisting foreign asset managers who intend to open offices in Japan. This is another important step forward for Japan’s International Financial City...more
Japan is making bold policy and legislative actions to reshape its regulatory landscape for the asset management industry, aiming to invite more foreign asset managers to Japan and further elevate Japan’s status as a global...more
On May 8, 2020, Japan’s expanded foreign investment review requirement went effective. Upon expiry of the 30-day transition period, i.e., on June 7 and onwards, any investment or activity that constitutes “Foreign Direct...more
Background - On April 7, 2020, the Cabinet of Japan approved a supplementary appropriation bill (the “Bill”), which included a JPY 108 trillion (US$997 billion) economic stimulus package in light of the COVID-19 outbreak (the...more
On November 22, the Japanese National Diet, the Japanese national legislature, passed an amendment bill to the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949, as amended) (the “FEFTA”) to expand the scope of...more
On May 31, 2019, the National Diet, the Japanese national legislature, passed an amendment bill to the Payment Services Act (the “PSA”) and the Financial Instruments and Exchange Act (the “FIEA”), which was promulgated on...more
The Japanese government recently announced amendments (the Amendments) to certain regulations under Japan’s Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949, as amended) (FEFTA) expanding the scope of industries...more
On May 17, 2017, the Japanese Diet passed an amendment bill (the “2017 Amendment”) to the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948) (the “FIEA”). The 2017 Amendment includes new regulation on...more
The Japan Fair Trade Commission (“JFTC”), Japan’s competition regulator, recently published results of an investigation into destination restrictions in liquefied natural gas (“LNG”) supply contracts. The results of the...more
On May 27, 2015, an amendment bill to the Financial Instruments and Exchange Act of Japan (“FIEA”) passed the Diet, which would come into effect sometime next year but no later than June 3, 2016 (“2015 Amendment”). The 2015...more
On June 1, 2015, a new Corporate Governance Code (Code) came into effect for companies listed on the Tokyo Stock Exchange (TSE). The Code is part of the Japanese government’s efforts to reform certain long-standing corporate...more
On March 24, 2015, an amendment bill (“Amendment Bill”) to the Financial Instruments and Exchange Act of Japan (“FIEA”) was approved by the Cabinet and was submitted to the Diet for its consideration. The Amendment Bill...more
On June 12 2013, a bill (the “Amendment Bill”) to amend the Financial Instruments and Exchange Act (FIEA was passed at the Diet session and promulgated as of June 19 2013....more
Third Consecutive Year Increase and Positive Expectations on Amendment to Real Estate Specified Joint Enterprise Act -
- On May 24, 2013, Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced...more