Japan's Economic Security Promotion Act: Background and Overview

Abstract

On May 11, 2022, the “Act for the Promotion of Ensuring National Security through Integrated Implementation of Economic Measures” (Act No. 43 of 2022) (“Economic Security Promotion Act,” hereinafter referred to as the “Act”) was enacted (promulgated on May 18, 2022). In order to extensively and effectively promote economic measures for national security, the Act formulates a basic policy and establishes a “System for Ensuring Stable Supply of Specified Key Products,” a “System for Ensuring Stable Provision of Essential Infrastructure Services,” a “System for Enhancing Development of Designated Critical Technologies,” and a “System for Non-Disclosure of Selected Patent Applications.” This article explains the main points of these four systems in the Act. The opinions expressed in this article are the personal views of the authors. It should be noted that in this commentary the citation for which an Article number is shown without the name of the relevant law indicates the Article number in the Act.