Citing security, Japan to plug loophole in reporting rules for foreign investment
Business
TOKYO: Japan's finance ministry plans to plug a loophole in reporting requirements for foreign investors under the Foreign Exchange and Foreign Trade Act, in an effort to prevent intelligence from leaking to foreign governments. The step comes as countries look to strengthen control over their economic supply chains after global shocks, including trade tensions between the United States and China. The planned change, proposed at a finance ministry panel on Thursday (Jan 23), will mandate prior
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