Prime Minister Shinzo Abe’s cabinet on Friday approved draft legislation to impose tougher rules on foreign investment in stocks related to national security despite opposition from market participants. The planned rules will require overseas investors to report in advance when they plan to buy more than 1% of shares in companies related to Japan’s national security, compared with the current 10% threshold, according to the finance ministry. The government aims to gain passage of the revised bill outlining the rules during the current parliamentary session. - Bloomberg