Japan tightens rules on foreign stakes in 518 firms, citing national security
TOKYO (Reuters) –
Japan announced on Friday
a list of its firms subject to tighter foreign ownership rules, including majors such as
- Toyota Motor Corp (7203.T)
- Sony Corp (6758.T),
as the United States and Europe step up scrutiny of industries key to national security.
Japan
identified 518 of its roughly 3,800 listed firms as having operations core to national security, making them targets for stringent regulations,
a list released by the Ministry of Finance (MOF) showed.
The tighter rules：
covering foreign investment in a dozen sectors crucial to national security, such as
- oil,
- railways,
- utilities,
- arms,
- space,
- nuclear power,
- aviation,
- telecoms and
- cyber security,
take effect from Friday.Article
Foreign investors
have a huge influence on share prices as they own about 30% of Japan’s roughly 575-trillion-yen stock market, and make up about 60% of trading turnover.
For a complete list, open the file on the MOF website:
List of classifications of listed companies regarding the prior-notification requirements
on inward direct investment under the Foreign Exchange and Foreign Trade Act
https://www.mof.go.jp/international_policy/gaitame_kawase/fdi/list.xlsx
[AMP] | Reuters
https://mobile.reuters.com/article/amp/idUSKBN22K0Z0
MoF Releases Core Company List Tied to Tighter Foreign Ownership Rules
Posted on 05/08/2020
Japan’s Ministry of Finance
revealed a list of Japanese firms that are considered core to the country’s national security.
These companies are subject to tighter foreign ownership rules.
The rules take effect on May 8, 2020.
SWFI