Blocking 7-Eleven deal on security grounds would hurt Japan's image, head of state-backed fund says

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Blocking 7-Eleven deal on security grounds would hurt Japan's image, head of state-backed fund says - Channel News Asia

Quick Summary:

TOKYO : Japan risks reputational damage if it were to block a $47 billion foreign bid for retailer Seven & i Holdings on economic security grounds, the head of a government-backed fund said.

Some politicians have cited economic security concerns over the potential acquisition, raising the possibility that Tokyo could take a protectionist stance to keep the beloved convenience store in domestic hands.

One area in need of a shake-up is Japan's chemicals industry, Yokoo said.