Japan to add IT, telecom sectors to foreign ownership restriction

May 27, 2019

TOKYO (Reuters) – Japan’s government said on Monday it will add from August the information-technology and telecommunication sectors to a list of industries for which restrictions on foreign ownership of Japanese firms apply.

The new rule comes amid heightening U.S. pressure in dealing with cyber-security risks and technological transfers involving China.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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