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Foreign Exchange and Foreign Trade Act

Article 29, paragraph (5)

第二十九条第五項

Each amendment that changed this provision, and each that will, oldest first. Each is shown against the wording just before it; where an amendment gives the provision another number, it is followed under the new one. Read it as it stands today

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Underlined: words the amendment adds. A bar: where it removes words.Underlined: words the amendment adds. Struck through: the words it removes.Underlined: words the amendment adds. Struck through: the words it removes.

  1. In force today

    If, pursuant to the provisions of Article 27-2, paragraph (1) or paragraph (1) of the preceding Article, a foreign investor as provided in Article 27-2, paragraph (1) or paragraph (1) of the preceding Article has carried out an inward direct investment or equivalent action or a specified acquisition without filing a notification under Article 27, paragraph (1) or Article 28, paragraph (1), and has violated an order under Article 27-2, paragraph (4) or paragraph (4) of the preceding Article, and if the Minister of Finance and the competent minister for the business find that the inward direct investment or equivalent action constitutes an inward direct investment or equivalent action that is a matter of national security or a similar concern or that the specified acquisition constitutes a specified acquisition that is a matter of national security, the ministers, pursuant to the provisions of Cabinet Order and after hearing the opinions of the Council on Customs, Tariffs, Foreign Exchange, and Other Transactions, may order the foreign investor that has carried out the inward direct investment or equivalent action or the specified acquisition to dispose of all or part of the shares or equity acquired through the inward direct investment or equivalent action or through the specified acquisition, or to take any other necessary measures.

    財務大臣及び事業所管大臣は、第二十七条の二第一項又は前条第一項の規定により第二十七条第一項又は第二十八条第一項の規定による届出をせずに対内直接投資等又は特定取得を行つた第二十七条の二第一項又は前条第一項に規定する外国投資家が、第二十七条の二第四項又は前条第四項の規定による命令に違反した場合であつて、当該対内直接投資等又は特定取得が国の安全等に係る対内直接投資等又は国の安全に係る特定取得に該当すると認めるときは、関税・外国為替等審議会の意見を聴いて、当該対内直接投資等又は特定取得を行つた外国投資家に対し、政令で定めるところにより、当該対内直接投資等又は特定取得により取得した株式又は持分の全部又は一部の処分その他必要な措置を命ずることができる。

  2. Not yet in force Act No. 30 of 2026 Moved to paragraph (7) and reworded

    If, pursuant to the provisions of Article 27-2, paragraph (1) or paragraph (1) of the preceding ArticleArticle 28-2, paragraph (1), a foreign investor as provided in Article 27-2, paragraph (1) or paragraph (1) of the preceding ArticleArticle 28-2, paragraph (1) has carried out an inward direct investment or equivalent action or a specified acquisition without filing a notification under Article 27, paragraph (1) or Article 28, paragraph (1), and has violated an order under Article 27-2, paragraph (4) or paragraph (4) of the preceding ArticleArticle 28-2, paragraph (4), and if the Minister of Finance and the competent minister for the business find that the inward direct investment or equivalent action constitutes an inward direct investment or equivalent action that is a matter of national security or a similar concern or that the specified acquisition constitutes a specified acquisition that is a matter of national security, the ministers, pursuant to the provisions of Cabinet Order and after hearing the opinions of the Council on Customs, Tariffs, Foreign Exchange, and Other Transactions, may order the foreign investor that has carried out the inward direct investment or equivalent action or the specified acquisition to dispose of all or part of the shares or equity acquired through the inward direct investment or equivalent action or through the specified acquisition, or to take any other necessary measures.

    財務大臣及び事業所管大臣は、第二十七条の二第一項又は前条第二十八条の二第一項の規定により第二十七条第一項又は第二十八条第一項の規定による届出をせずに対内直接投資等又は特定取得を行つた第二十七条の二第一項又は前条第二十八条の二第一項に規定する外国投資家が、第二十七条の二第四項又は前条第二十八条の二第四項の規定による命令に違反した場合であつて、当該対内直接投資等又は特定取得が国の安全等に係る対内直接投資等又は国の安全に係る特定取得に該当すると認めるときは、関税・外国為替等審議会の意見を聴いて、当該対内直接投資等又は特定取得を行つた外国投資家に対し、政令で定めるところにより、当該対内直接投資等又は特定取得により取得した株式又は持分の全部又は一部の処分その他必要な措置を命ずることができる。

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