The Japanese government continues to review filings and refine its approach under the FDI regime following the 2019 amendments.

Japan continues to tighten foreign direct investment reviews but also offers a prior notification exemption

The Japanese government expands business sectors subject to Japan's FDI regime to secure stable supply chains and mitigate the risk of technology leakage and diversion of commercial technologies into military use.

Certain businesses related to "Specifically Designated Critical Commodities" have been designated "core" sectors subject to Japan's FDI regime, FEFTA.