According to Reuters, Japan’s Ministry of Finance, the Ministry of Economy, Trade and Industry and the Japanese Ministry of Communications issued a joint statement on May 27, announcing that high-tech industries such as information and communication will be included in the list of restricted foreign ownership, which is scheduled for August. Effective on the 1st.
This announcement coincided with the day when US President Donald Trump visited Japan and met with Japanese Prime Minister Shinzo Abe, which led to speculation that it was related to Trump’s efforts to block Huawei or Chinese forces.
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