Japan

Japan

Japan Expanded Scope of Industries Subject to Prior Notification for FDI

01 Aug 2019

The Ministry of Economy, Trade and Industry of Japan (METI) expanded the scope of industries for which submission of a prior notification is required for foreign direct investment. METI's public notice dated 27 May 2019 revised relevant Cabinet orders pursuant to Articles 27.1 and 28.1 of the Foreign Exchange and Foreign Trade Act of Japan. The prior notification requirement now also applies to FDI in industries of advanced technologies. The new regulation has entered into force on 1 August 2019.