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Japan weighs curbs on activist investors for national security: minister

Amid Toshiba upheaval, industry chief says measures would apply to foreign and domestic capital

Tokyo's business district: Japan's industry minister has signaled a tough stance on protecting companies key to national security.   © Reuters

TOKYO -- On the same day Toshiba shareholders voted to remove the company's board chairman, Japan's industry minister suggested that corporations key to national security need protection from activist investors.

"We will consider in the government whether there are ways to enable a certain measure of deterrence in cases where particular companies' business environment becomes unstable, threatening vital operations or research and development," Hiroshi Kajiyama, who heads the Ministry of Economy, Trade and Industry, told reporters Friday.

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