# Article 29, paragraph (5), 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-29/par-5. 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 29, paragraph (5) (第二十九条第五項) 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 29, paragraph (5) (第二十九条第五項) — https://japanlaw.org/en/foreign-exchange-and-foreign-trade-act/art-29/par-5 (as Markdown: https://japanlaw.org/md/en/foreign-exchange-and-foreign-trade-act/art-29/par-5)
- 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:

> 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。

English (Written for this site with AI, correcting the Ministry of Justice's English):

> 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.

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

- State: Not yet in force
- Takes effect: 4 January 2027
- The amendment: Moved to paragraph (7) and reworded (Act No. 30 of 2026) — https://japanlaw.org/en/foreign-exchange-and-foreign-trade-act/amendments/20270104_508AC0000000030

Japanese:

> 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。

English (Machine translation, not official):

> If, pursuant to the provisions of Article 27-2, paragraph (1) or Article 28-2, paragraph (1), a foreign investor as provided in Article 27-2, paragraph (1) or Article 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 Article 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.

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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)