Saturday, April 26, 2008

Sneaky Foreign investors being stubborn

..."The inevitable conclusion of the government's logic is that any foreigners, who do not say they won't sell their shares for 20 years, and who do not keep quiet, are not welcome to invest"...

...Under the Foreign Exchange and Foreign Trade Law, foreign investors seeking to acquire a 10 percent or more stake in Japanese firms deemed critical to national security, such as utilities and arms makers, must first gain government approval....

....The government declined to clarify the meaning of "national security" and "maintenance of public order," it said, adding that the Ministry of Economy, Trade and Industry also did not hold enough two-way dialogue. [sic]...

From the Japan Times article: TCI defies Japan's request to drop attempt to expand J-Power stake.

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