ACGA Second Letter to MOF Japan on FEFTA Amendment Bill

On 6 November 2019, ACGA wrote again to the Ministry of Finance (MOF) Japan regarding proposed amendments to the Foreign Exchange and Foreign Trade Act (FEFTA) designed to more strictly control foreign investment in sectors deemed sensitive on national security grounds.  

On 25 October, the day following our first letter, MOF released a Q&A that sought to clarify various aspects of the amendments. While some of the clarifications are welcome, the fundamental concerns that ACGA and its investor members have about the bill remain unchanged.