Japan to Form Panel on Land Purchases by Foreign Capital
Tokyo, Nov. 6 (Jiji Press)--Japan’s government said Friday that it will set up a panel of experts to discuss issues related to the acquisition and use by foreign capital of land that is important to the country’s national security.
The panel will discuss creating an integrated way of managing information on the owners of land plots, including those near Self-Defense Forces bases, and how they are used.
Based on a report the panel will compile by the end of this year, the government will submit related legislation to next year’s regular session of the Diet, the country’s parliament, to be convened in January.
The panel will comprise seven members, including Doshisha University professor Nobukatsu Kanehara, who served as assistant chief cabinet secretary under the administration of former Prime Minister Shinzo Abe. The group will hold its first meeting on Monday.
At present, central government bodies, such as the Justice Ministry, the land ministry and the Forestry Agency, and local governments separately track information on the acquisition and use of land by foreign capital. The experts will mull setting up a new panel of related ministers to manage such information in an integrated way, sources familiar with the matter said.
[Copyright The Jiji Press, Ltd.]