Japan will limit foreign ownership of companies in the field of information technology and telecommunications

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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.

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