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Japan to add, telecom sectors to foreign ownership limitation

A man uses his smartphone next to a traditional Japanese Taiko drum during A man uses his smartphone next to a traditional Japanese Taiko drum during the preprartion for the next Kanda festival in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato

TOKYO (Reuters) – the japanese government said Monday, adding August the information technology and telecommunications sectors to provide a list of industries for which restrictions on foreign ownership of Japanese companies.

The new rule comes amid increasing US pressure in dealing with the cyber-security risks and technology transfers with China.

Reporting by Leika Kihara; Editing by Chris Gallagher

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