Japan's new economic security law's implications for financial businesses
- Interview with Hideaki Umetsu by Jun Tsutsumi -
On May 11, Japan's National Diet passed an economic security law, one of the primary aims of which is to ensure the security and reliability of core infrastructure critical to Japan's national security. The law designates 14 industries, including financial services, as societal infrastructure businesses.
With many details remaining to be finalized as the law is phased into effect, NRI's Jun Tsutsumi spoke with Hideaki Umetsu, a partner at Mori Hamada & Matsumoto, about the law's implications for financial institutions.