Japan continues to tighten foreign direct investment reviews but also offers a prior notification exemption - Japan's Ministry of Finance (MOF) and its ministries with jurisdiction over the target entity's business review...more
On July 7, 2021, the Japan Ministry of Finance (MOF) published an updated list of classifications of companies listed on Japanese exchanges requiring prior notifications of inward direct investment under the Foreign Exchange...more
In 2020, Japan tightened foreign direct investment review but also introduced a prior notification exemption scheme - Japan's Ministry of Finance (MOF), and its ministries with jurisdiction over the target entity's...more
On June 15, 2020, the Japanese government implemented new regulations that designate the manufacture of pharmaceuticals for infectious diseases and the manufacture of highly-controlled medical devices (medical devices that...more
Amid concerns about predatory acquisitions of weakened companies and strategic assets during the COVID-19 crisis, more and more countries are restricting foreign direct investment (FDI) in their domestic companies, especially...more
After completion of the solicitation period for public comment on April 12, 2020, the amended ordinances (the “Amended Ordinances”) prepared by the Japanese government to implement the amended Foreign Exchange and Foreign...more
On March 14, 2020, the Japanese government released a summary of proposed changes to the regime created by the Foreign Exchange and Foreign Trade Act (the “FEFTA”), which subjects certain foreign direct investments in...more
The amendments expand the industries covered by the prior notification and waiting period requirement, and broaden covered foreign investment-related activities. In 2019, the Japanese government announced three key...more
Investors in Japanese-listed companies have traditionally taken a passive approach to their investments, in part because Japanese business culture have long held an unfavorable view toward investors making demands or voicing...more
Japan expanded the scope of industries subject to prior notification for Inward Direct Investment in 2019 - Under the Foreign Exchange and Foreign Trade Act (FEFTA), the Ministry of Finance (MOF) and the relevant...more
Following the Japanese government's recent amendment of the rules under the Foreign Exchange and Foreign Trade Act (the "FEFTA"), foreign investors seeking to invest in companies engaged in certain information and...more