Japan firms back tighter foreign ownership reporting rules
(WorldNews Japan)

TOKYO — A vast majority of Japanese firms back the government’s recent decision to tighten reporting requirements for foreign investment in industries related to national security, a Reuters poll found, despite criticism from overseas investors. Under the change, approved by parliament last month and set to become a law next year, foreign investors in industries such as defense, nuclear power, utilities and telecoms will have to report holdings once they amass a 1% stake in a company,...