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Japan to limit foreign ownership of firms in its IT, telecom sectors

By Leika Kihara and Tetsushi Kajimoto

May 28 2019 12:40PM

New rules from August.

Japan to limit foreign ownership of firms in its IT, telecom sectors

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 technologi...

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