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The time is right for Japan to implement policy changes to eliminate barriers to foreign investment and encourage more cross-border mergers and acquisitions, U.S. Ambassador Thomas Foley said Thursday in Tokyo.

Speaking at the “Conference on M&A in Japan,” Foley cited ways the U.S. has benefited from foreign investment, including increased efficiency in business and jobs created by foreign subsidiaries. Once Japan’s environment for mergers and acquisitions by foreign companies improves, “Japanese people can better enjoy the economic and social benefits that greater participation by foreign capital can provide,” Foley said.

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