DECEMBER 22, 2023 By Junko Suetomi (末冨純子）AND Izumi Matsumoto （松本泉）2 MINS READ On 15 December 2023, the Japanese government announced that it would strengthen sanctions against Russia. Below is an overview of the latest measures: Asset freeze of 35 individuals and 44 entities A total of 35 individuals and 44 entities in Russia, Ukraine or the UAE were designated as sanctioned parties in Japan. Making payments to these parties from Japan or by Japanese residents, as well as carrying…
On March 31, 2023, the Japanese Ministry of Economy, Trade and Industry (“METI”) initiated a public comment procedure for the Draft Amendment to Ministerial Ordinance and the Draft Amendment to Circular that is intended to impose new export control requirements on certain sensitive semiconductor manufacturing equipment from Japan. The public comment period is from March 31st, 2023 to April 29, 2023. Anyone can submit a comment through either (i) the Japanese government’s website, (ii) email,…
On May 1, 2022, the amendment to the Ministerial Ordinance for Exporter Standards and relevant administrative notices (the “Amendment”) came into force. Upon enforcement of the Amendments, so-called “Deemed Exports” will be interpreted in a more restrictive manner than previously. Although export licenses were not required for the provision of technology information between Japan residents, pursuant to the Amendment, if certain conditions are met, such provision may be regarded as a “Deemed Export” and subject…