• Kyodo

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The government is preparing to tighten regulations on foreign investment in Japanese companies that do work in areas sensitive to national security, including space development and nuclear energy, government sources said Thursday.

The government will revise the foreign-exchange law to require that foreign investors seek approval before acquiring stakes of 1 percent or higher, slashing the threshold from 10 percent, the sources said. A bill to that effect will be submitted to the extraordinary Diet session that began Friday.

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