ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Markets

Japan investors swoop for 'digital hanko' stocks

Government wants to scrap almost 15,000 procedures that require a seal

Prime Minister Yoshihide Suga wants to digitize administrative processes.

TOKYO -- Retail investors in Japan have snapped up shares in companies providing digital authentication of documents, betting that the country will make progress in updating age-old business practices for an online era.

Japan's House of Representatives passed a bill in a plenary session on Tuesday that will abolish the use of "hanko," or seals, in administrative procedures. A so-called "digital hanko" could be used instead.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more