(Japanese follows English) On January 10, 2025, the Japanese government announced further sanctions against the Russian Federation under the Foreign Exchange and Foreign Trade Act, in line with measures taken by other major countries. The additional measures imposed based on the Cabinet Understanding of “Asset freezes for individuals and entities of the Russian Federation and other measures as of January 10, 2025” are as follows: Measures 1. and 2. will come into effect for individuals…
The following goods/technologies were added to the Listed Controlled Items (“Controlled Items”) under the Export Control Order and the Foreign Exchange Order. The additions were promulgated on 8 July 2024 and went into effect on 9 September 2024. An export license is required to export any Controlled Item irrespective of its destination. The export controls related to specification thresholds of semiconductor manufacturing equipment were also updated to ensure a level playing field in light of…
As noted in our previous blog post, the Ministry of Economy, Trade, and Industry (METI) is expected to promulgate regulations requiring companies to report technology transfers in fields where Japan has an advantage that other countries are interested in matching to METI in advance. The Ministry’s Subcommittee on Security Trade Control under the Division on Commerce and Trade of the Industrial Structure Council issued an interim report on March 24 outlining the specifics of the…
Recently, there have been moves to expand restrictions on companies transferring advanced technology abroad. In connection with this trend, the Ministry of Economy, Trade and Industry (“METI”) is expected to promulgate regulations requiring companies to report technology transfers to it in advance in areas where Japan has an advantage that other countries are interested in matching. The purpose of this regulation is to prevent the military utilization or leakage of advanced Japanese technology. The Japanese…