The Lower House on Thursday passed a bill for promoting economic security, putting it on track to be enacted in the current parliamentary session as the country faces growing geopolitical risks associated with Russia and China.

The bill calls for strengthening supply chains to stably procure semiconductors and other vital products and stipulates steps for preventing the leakage of information in the fields of nuclear power and defense.

With the new law, Japan seeks to be in step with the United States and European countries, which are more advanced in promoting economic security, as China's rise has intensified global technology competition. The security environment is also rapidly changing amid Russia's invasion of Ukraine.