Japanese Prime Minister Yoshihide Suga speaks to reporters at the Prime Minister's Office in Tokyo on March 25, 2021. - AFP
TOKYO (Reuters): Japan's cabinet approved on Friday a bill that will tighten oversight of land deals and land use near military facilities and border islands, reflecting Tokyo's concern about overseas security risks.
The government plans to submit a bill to parliament that requires planned purchases to be reported to the authorities when the land is deemed highly sensitive to national security. Deals in urban areas may be exempt if they affect economic activity, and the regulations will apply regardless of a buyer's nationality.
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