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Economy

Japan cabinet approves tighter rules on investment from abroad

Plan heads for Diet with exemptions for asset managers and block trades

Under the new rules, overseas investors would need approval to buy stakes of 1% or more in Japanese companies in certain sectors.   © Reuters

TOKYO -- Japan's cabinet has signed off on tougher controls on investments in companies involved in strategically sensitive industries, aiming to prevent leaks of advanced technology but rankling international investors in the process.

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