1. Japan Kept Singapore-Based Activist Investor in Limbo Over Key Toshiba Vote

    Japan Kept Singapore-Based Activist Investor in Limbo Over Key Toshiba Vote

    The government gave Effissimo a green light to vote on July 30, just a day before the meeting, the two government sources said, speaking on condition of anonymity because the information is not public. The Ministry of Economy, Trade and Industry (METI) delayed its approval, one of the government sources told Reuters...

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    1. Because METI wasn't able to forecast how much support (Effissimo's) proposal would get, some officials insisted it was better to delay the decision as much as possible.
    2. Approval was granted at the very last minute.
    3. Our reviews are made only from the viewpoints listed in the law: whether inward direct investment would cause national security to be impaired, the maintenance of public order to be disturbed, or the protection of public safety to be hindered.
    4. Factors other than genuine national security seem to be affecting the timing and substance of METI's decision.
    5. Japan is competing with other markets for capital and for the interest of investors.
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