Japan has taken economic security measures to protect sensitive technologies

Japan has taken economic security measures to protect sensitive technologies

The Japanese parliament enacted an economic security law on Wednesday that aims to protect technology and strengthen essential supply chains, as well as tightening monitoring of Japanese companies working in sensitive areas or critical infrastructure.

Japan has taken economic security measures to protect sensitive technologies

The new rule also comes as Russia’s invasion of Ukraine intensifies pressure on Japan to do more to secure supply chains and infrastructure from hacking and cyberattacks, as well as ensuring that technology essential to national security is not stolen.

Once enacted, the legislation’s measures, which are largely focused against China, will be implemented over a two-year period. It comes after the US tightened restrictions on technology imports, including as semiconductors, in response to mounting tensions with Beijing.

It will give Japan’s government the power to order companies to notify it of software updates and vet some equipment procurement in 14 industries, including energy, water supply, information technology, finance and transportation.

The new security mechanism it sets out promises government money for research and development into key technologies deemed important for economic security.

The legislation also provides subsidies for companies to help them strengthen supply chains against disruption such as shortages of components shipped from overseas. It further establishes a system for government officials to make on-site inspections at firms.

It also establishes a system of secret patents kept in Japan to ensure technological breakthroughs are not used by other countries to development nuclear weapons or other military equipment.

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