Partner Masahisa Ikeda, Asia Regional Managing Partner and Head of Shearman & Sterling’s Tokyo office, commented on the issue with the exemption criteria under the Foreign Exchange Act of Japan in the April 20, 2021 issue of The Nikkei and Nikkei Asia. 

Read "Tencent-Rakuten deal exposes limits of Japan investment rules  -  Chinese tech group's stake was not subject to national security prescreening" (Nikkei Asia).