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Clifford Chance
Briefings

Briefings

Proposed amendments to Japan’s Inward Direct Investment Screening Regime

19 February 2026

As five years have now elapsed since the implementation of the 2020 amendments to the Foreign Exchange and Foreign Trade Act (FEFTA), the Japanese government has decided to review the inward direct investment screening regime. On January 7, 2026, the Ministry of Finance published the “Report on the Appropriate Framework for the Inward Direct Investment Screening Regime, etc.” (the Report).

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