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Japan's 'idiotic' investment restrictions are blow to global status

Stopping foreign banks from buying domestic companies hurts Tokyo's reputation

| Japan
Japan's credibility as a top market economy hangs in the balance. (Photo by Kaori Yuzawa)

In his sales pitch to become Japan's longest-serving prime minister, Shinzo Abe claimed that only he and his reform plans could win the attention of foreign investors. Little did we know, as Tokyo now aims to clamp down on overseas investment, it would end up being negative attention.

In September 2013, Abe even took his Japan-is-open-for-business tour to the floor of the New York Stock Exchange. Abe's pitch that day: "Three words: buy my Abenomics! Wall Street is always ahead of the curve. In light of that, now is your chance."

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