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Economy

Japan to exempt asset managers from stricter investment rules

Government seeks to enhance national security without stifling deals

Japan is increasingly wary of technology leaks from sensitive industries.   © Reuters

TOKYO -- Japan's government intends to exclude asset management companies, including hedge funds, from tighter foreign investment regulations designed to protect sensitive industries.

Tokyo wants to control foreign investment in businesses seen as key to national security, including nuclear power and semiconductor production. Preventing leaks of technology and expertise, especially to China, has become a pressing issue.

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