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Tencent's investment into Rakuten prompts debate on additional controls for foreign investment in Japan

By Sachiko Sakamaki ( April 20, 2021, 10:38 GMT | Insight) -- The lack of scrutiny of an investment by Chinese online giant Tencent into Japan’s top online mall operator Rakuten is ringing national security alarm bells for Japanese officials. The investment occurred less than a year since Japan adopted tighter foreign investment rules, and merger experts say debates on additional controls for foreign investment are now likely to intensify.The lack of scrutiny of an investment by Chinese online giant Tencent into Japan’s top online mall operator Rakuten has raised national security concerns among Japanese officials. The investment was made less than a year since foreign investment rules were tightened, prompting new debates on whether more rigorous controls for foreign investment in Japan are needed....

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