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Politics

Japan's stricter foreign investment rules clear parliament

Market braces for impact of screening requirements for sensitive sectors

Japan's upper house passes the investment bill unanimously on Nov. 22. (Photo by Uichiro Kasai)

TOKYO -- Japan's parliament on Friday passed a bill that toughens restrictions on foreign investments in sensitive industries, despite concerns that the move could impede flows of money into the country.

The upper house of the bicameral Diet voted unanimously in favor of the revision to the foreign exchange law, which had already cleared the lower chamber.

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