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As the development of new technologies and the introduction of new systems and policies aimed at achieving a carbon-neutral society is progressing around the world, Japan has also introduced policies to encourage innovation of private businesses in hydrogen and other technologies with the potential of decarbonizing society.

On 10 December 2021, Japan announced its 2022 tax reform proposal, which contains a number of changes to the existing tax rules that may impact companies doing business in Japan, including changes that may provide some companies with a chance to reduce their Japanese tax burden, as well as changes that may result in potential pitfalls (e.g., disallowance of certain incentives, etc.) for failure to comply with the new provisions. Additionally, amendments were made to the Japanese Companies Act in 2021 introducing a share delivery regime.

On February 23, 2022, the Prime Minister of Japan, Fumio Kishida, made an announcement that Japan will implement a set of economic sanctions against Russia and the so-called Donetsk People’s Republic and Luhansk People’s Republic in eastern Ukraine.
Japan has condemned the latest Russian move of recognizing the break-away areas as a violation of the sovereignty and territorial integrity of Ukraine as well as international law.