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Japan won’t allow English for foreign investment screening

New 1% threshold expected to cause headaches for overseas investors

Nuclear reactors and storage tanks at the Fukushima Daiichi power plant: Nuclear power is one sector subject to the new 1% rule.   © Reuters

TOKYO -- Japan will not allow foreign investors purchasing a 1% or more stake in strategic Japanese companies to submit required prescreening documents online or in English at least for the time being, Nikkei has learned.

Under legislation passed in November, Tokyo is lowering the threshold for prescreening of foreign investments in fields related to national security from the current 10%. The government aims to implement the new standard, which covers industries like aerospace, nuclear power and oil, in May.

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