TOKYO, April 24 (Xinhua) — The Japanese authorities stated Monday it should restrict overseas funding in 9 extra sectors deemed important to nationwide safety, together with semiconductors and storage batteries, beginning on May 24, native media reported.
The different sectors to be added to Japan’s record of core areas during which overseas funding is proscribed embrace equipment and industrial robots, fertilizers, everlasting magnets, metallic 3-D printers and marine tools, Kyodo News reported.
Under a legislation on overseas transactions, overseas traders buying a 1 % or extra stake in a Japanese firm shall be topic to authorities prescreening if the goal firm is included in any of the designated core sectors.
The addition means all designated important supplies will now be coated and overseas possession of corporations coping with such merchandise shall be topic to authorities scrutiny, Kyodo News stated.