TOKYO -- Toyota Motor, SoftBank Group and more than 500 other Japanese corporations will be subject to tougher restrictions on receiving foreign investment, starting June 7, according to a list published Friday by the Ministry of Finance.
New legislation requires advance government approval for a foreign investor to take a stake of 1% or more in any Japanese enterprise in 12 "core" strategic sectors, from defense to utilities. The ministry's list covers 14% of the nation's publicly traded companies.
