The government aims to establish an official clearing system for accessing classified information related to economic security as it aims to enhance cooperation with allies including the U.S. and help private businesses win contracts abroad.
Security Minister Sanae Takaichi said she wants to submit a security clearance bill by next year s parliamentary session. If Japan's companies don't have a law in place, they risk missing out on highly sensitive contracts, such as those with overseas support in areas such as advanced chip technology and cybersecurity.
We must get legislation for this, he said in an interview at a Tokyo news conference on Tuesday. This is going to be a major law and will have a significant impact on business opportunities. Without this, Japanese companies can't make significant inroads in these areas, she said without naming companies that could benefit.
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