Japan enacts revised law to boost foreign investment screening for security

TOKYO - The Japanese parliament on Friday enacted a revised law to strengthen screening of foreign investments in Japan, by setting up a cross-ministerial, U.S.-style panel to prevent leakage of critical technologies and intelligence.

The revision of the foreign exchange and trade law paves the way for establishing a Japanese version of the Committee on Foreign Investment in the United States, which would expand the scope of prescreening for risks to national economic security.