Japan to add IT, telecom sectors to foreign ownership restriction

A man uses his smartphone next to a Japanese traditional Taiko drum during A man uses his smartphone next to a Japanese traditional Taiko drum during the preprartion for the upcoming Kanda festival in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato

TOKYO (Reuters) – Japan’s government said on Monday that high-tech industries will be added to a list of businesses for which foreign ownership of Japanese firms is restricted. The new rule, effective Aug. 1, comes amid heightening pressure from the United States in dealing with cyber-security risks and technological transfers involving China. The Japanese government […]

Continue reading this article with a Fiji Times online membership.

More Stories