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The Japanese government has introduced a new rule, according to which high-tech industries will be added to the list of sectors where foreign ownership is limited to Japanese companies. Now, foreign ownership in 20 sectors of information technology and telecommunications will be limited. According to Reuters, this was announced on the day when negotiations are held in Tokyo between US President Donald Trump and Japanese Prime Minister Shinzo Abe. A statement by the Japanese government says that this step is aimed at ensuring the national security of the country, taking into account the increasing role of cyber security in recent years. The new rule will come into force on August 1 of the current year.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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