Amendments to Japan’s Foreign Direct Investment Regulations

From June 7, 2020, amendments to Japan’s foreign direct investment laws came into effect that:

• lower the government approval threshold from 10% to a mere 1% for share acquisitions of publicly traded companies that engage in a wide range of business activities deemed critical to national security;
• require Japanese government approval for foreign investors to exercise certain shareholder rights throughout the investment cycle;
• enlarge the industries that are subject to Japan's foreign direct investment regulations; and
• expand the scope of persons who must obtain Japanese government approval for an inbound investment.

As a result of the foregoing changes, practically every share acquisition by a foreign investor of a Japanese company now deemed critical to Japan will require government approval, unless a newly established exemption applies, and foreign investors may no longer be able to control their investments in Japan post-acquisition.

This webinar explains the details and nuances of these important amendments and the ongoing foreign direct investment requirements in Japan.

Program

Amendments to Japan’s Foreign Direct Investment Regulations (47mins)

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