# Article 28, paragraph (9), its wordings — Foreign Exchange and Foreign Trade Act

This is the Markdown twin of https://japanlaw.org/en/foreign-exchange-and-foreign-trade-act/history/art-28/par-9. Every law, and how to address a provision: https://japanlaw.org/llms.txt. The same laws as MCP tools (no sign-in): https://japanlaw.org/mcp.

How the wording of Article 28, paragraph (9) (第二十八条第九項) changed with each amendment, and how it will change.

- Law: Foreign Exchange and Foreign Trade Act (外国為替及び外国貿易法) — https://japanlaw.org/en/foreign-exchange-and-foreign-trade-act
- Provision: Article 28, paragraph (9) (第二十八条第九項) — https://japanlaw.org/en/foreign-exchange-and-foreign-trade-act/art-28/par-9 (as Markdown: https://japanlaw.org/md/en/foreign-exchange-and-foreign-trade-act/art-28/par-9)
- The law's amendments: https://japanlaw.org/en/foreign-exchange-and-foreign-trade-act/amendments
- 2 wordings, oldest first.

## 1. Before Act No. 30 of 2026

- State: In force

Japanese:

> 外国投資家以外の者（法人その他の団体を含む。）が外国投資家のために当該外国投資家の名義によらないで行う特定取得に相当するものについては、当該外国投資家以外の者を外国投資家とみなして、第一項から第七項まで及び第二十九条第一項から第四項までの規定を適用する。

English (Japanese Law Translation, Ministry of Justice):

> A person (including a corporation or any other organization) not constituting a foreign investor is deemed to be a foreign investor in connection with any action comparable to a specified acquisition which that person conducts on behalf of a foreign investor but not in the name of that foreign investor, and the provisions of paragraphs (1) through (7) and Article 29, paragraphs (1) through (4) apply thereto.

## 2. 4 January 2027 — Act No. 30 of 2026

- State: Not yet in force
- Takes effect: 4 January 2027
- The amendment: Reworded (Act No. 30 of 2026) — https://japanlaw.org/en/foreign-exchange-and-foreign-trade-act/amendments/20270104_508AC0000000030

Japanese:

> 外国投資家以外の者（法人その他の団体を含む。）が非居住者等のために当該非居住者等の名義によらないで行う特定取得に相当するもののうち次に掲げるものについては、当該外国投資家以外の者を外国投資家とみなして、第一項から第七項まで、第二十八条の三、第二十八条の四及び第二十九条第一項から第六項までの規定を適用する。

English (Machine translation, not official):

> A person (including a corporation or any other organization) not constituting a foreign investor is deemed to be a foreign investor in connection with any action comparable to a specified acquisition which that person conducts on behalf of a non-resident, etc. but not in the name of that non-resident, etc. that falls under any of the following items, and the provisions of paragraphs (1) through (7), Article 28-3, Article 28-4, and Article 29, paragraphs (1) through (6) apply thereto.

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## Sources

- The dates and the amending laws: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/324AC0000000228)
- English name of the law: Japanese Law Translation, Ministry of Justice (https://www.japaneselawtranslation.go.jp/en/laws/view/4857/tb)
- English titles of the amending laws: Written for this site with AI
- The Japanese text before: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/324AC0000000228/20260812_508AC0000000064)
- The Japanese text after: e-Gov (Digital Agency) (https://laws.e-gov.go.jp/law/324AC0000000228/20270104_508AC0000000030)