Japan's MOF Panel Reviews Inward FDI Screening as Global Financial Risks MountA · FULL TRANSLATION
- The 69th Foreign Exchange Subcommittee met on June 10 at the Ministry of Finance
- Agenda covered recent international financial conditions and the inward FDI screening regime
- All meeting documents are publicly available on the MOF website
Anyone wondering whether Japan will tighten the gate on foreign capital should read this subcommittee's papers, not the headlines. The MOF's Foreign Exchange Subcommittee met June 10 with two pointed agenda items: the official read on international financial conditions — a clue to intervention thinking amid yen volatility — and the inward FDI screening regime, which governs security reviews of foreign investment in Japanese companies. Screening of designated sectors like semiconductors, power and telecoms has tightened steadily; any move to expand the designated list would raise compliance costs for foreign acquirers and even for foreigners holding certain assets through corporate vehicles. The primary documents are free on the MOF site.
[Full translation of MOF notice] The 69th meeting of the Foreign Exchange Subcommittee of the Council on Customs, Tariff, Foreign Exchange and Other Transactions was held on Wednesday, June 10, 2026, 10:00-11:30, at the Ministry of Finance Special Conference Room No. 3. Agenda: (1) Recent international financial conditions; (2) The inward foreign direct investment screening regime. Published materials include the agenda, the subcommittee member roster (Document 1), 'Recent International Financial Conditions' (Document 2-1), and 'The Inward FDI Screening Regime' (Document 2-2), all available as PDFs on the MOF website. (Source: Ministry of Finance, June 10, 2026)