Daily Management Review

Japan passes economic security law


Japan's upper house of parliament passed the Economic Security Law by a majority vote, signaling its adoption by the country's parliament. The vote was broadcast live.

Sesylia via flickr
Sesylia via flickr
The law defines "important goods" and aims to provide the public and the economy with stable access to them and infrastructure, strengthening supply chains for especially important goods.

It also provides for the non-disclosure of patents that can be used for military purposes. The disclosure is punishable by two years in prison or a fine of 1 million yen ($7,700).

The law, which will take effect in phases starting next spring, focuses on high-tech areas, artificial intelligence technology development, information security and cybercrime prevention.

source: kyodonews.net