Japan to consider tighter rules on foreign owners of domestic firms: report

We don’t want these nasty gaijin interfering with the inefficient and corrupt way we run our companies, they will be demanding shareholder rights next!

The sectors selected as crucial to national security include areas such as oil, railways, utilities, arms, space, nuclear power, aviation, telecoms and cybersecurity.

Railways? That's a stretch.

Can leave cyber security to them. They have been doing a fantastic job so far with Line storing data outside of Japan amidst leaks of celebrities’ private Line messages, the lack of knowledge by the former Head of Cybersecurity about USB drives and PCs, a previous Cybersecurity adviser stating that Japan doesn’t have a problem as everything is on paper…

Goodbye to the dream of Japan becoming a financial world hub.

Typically Japan says it wants to open up to foreign participation in its economy while at the same time imposing restrictions on their ability to do so.

Japan is on the road to becoming a lesser power by virtue of its prevalent head in the sand attitude

Typically Japan says it wants to open up to foreign participation in its economy while at the same time imposing restrictions on their ability to do so.

Isn't that called hypocrisy?

That plan comes many years too late when there still was technology leadership in many fields not only in some remaining niches. And generally it also cannot be successful for historical reasons, as there is always a possibility to put pressure so that any business secrets have finally to be revealed and to be served on a silver tablet, otherwise…. You know, what fills the blanks, don’t you?

"Goodbye to the dream of Japan becoming a financial world hub."

Good! What good is a world financial hub? The financial industry does nothing for the middle class of a city. Look at London and New York. A total mess. Singapore? What a joke.

@Jefflee considering that france didn't allow a canadian firm to buy a french grocery chain in the name of national food security, I say, it isn't a stretch.

considering that france didn't allow a canadian firm to buy a french grocery chain in the name of national food security, I say, it isn't a stretch.

in a context of pandemic and lockdown, i would consider food supply as a top national priority

Terrible timing, now it looks like a bad retaliation from the Toshiba scandal.