OBS_VALUE: Fixed telecommunication (limited to those for which registration is required under article 9 of Telecommunication Business Act) services are subject to the pre-screening. While the objective of the pre-screening is to protect national security, maintain public order, or safeguard public safety, the listed factors do not explicitely rule out the consideration of economic interest. Upon completion of pre-screening the government may propose a restructuring of or prohibit the foreign investment transaction in the form of a ‘recommendation’ to cease or modify the transaction in question. The foreign investor may only proceed with the transaction if it follows governmental recommendation. If the foreign investor does not follow the governmental recommendation, the government may then issue a formal order to cease or modify the transaction. The factors considerd in prescreening: https://www.mof.go.jp/english/policy/international_policy/fdi/gaitamehou_20200508.htmSee details: Inward Direct Investment Screening System by MOF https://www.mof.go.jp/policy/international_policy/gaitame_kawase/fdi/index.htmPlease see also, Ministry of Finance Japan official website, The Objective of the Amendment to the Foreign Exchange and Foreign Trade Act, https://www.mof.go.jp/english/policy/international_policy/fdi/Overview/rules-and-regulations-FEFTA.pdfFor an unofficial English translation of Foreign Exchange and Foreign Trade Act, please see: https://www.japaneselawtranslation.go.jp/en/laws/view/4412For an unofficial English translation of Order on Inward Direct Investment, please see: https://www.japaneselawtranslation.go.jp/en/laws/view/3702/en