Japan's new Prime Minister Sanae Takaichi plans to establish a foreign investment screening mechanism. Japan's new Prime Minister Sanae Takaichi will push for the establishment of an official agency dedicated to monitoring overseas investments and acquisition offers for security risks. This agency will be modeled after the Committee on Foreign Investment in the United States (CFIUS), serving as Japan's version of the foreign investment screening mechanism. The joint policy objectives announced this week by the Liberal Democratic Party (LDP) and the Japan Restoration Party include plans to establish a Japanese version of CFIUS, with the goal of securing approval for the agency before the end of next year's regular Diet session. High-profile CFIUS reviews in the United States include Nippon Steel's planned acquisition of U.S. Steel in 2023 and Broadcom's $117 billion hostile takeover of Qualcomm in 2018, which fell through due to the committee's intervention based on national security concerns.