Japan to consider stricter rules on foreign owners of domestic cos
Tamagawa Dori, Tokyo, Japan. Photo: Thomas Schmitz/unsplash
The Japanese government is considering tightening regulation on foreign funds that hold stakes in domestic firms with important technology in areas such as the nuclear industry and defence, the Yomiuri newspaper reported on Wednesday.
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The shake-up follows an investigation that found the company had colluded with the government to pressure foreign investors.
The police sent a notice to the company about alleged unauthorised work by Vietnamese nationals that took place last year.
