Incorporation of Foreign Law Firms Made Possible

Mori-O'hara | Sato @MoriOharaSato

A new bill that will allow foreign law firms in Japan to incorporate their organization has been approved. This will mean these law firms

Mori-O'hara | Sato @MoriOharaSato

can set up offices in more than one city. Currently, most foreign law firms are concentrated in Tokyo. It is unclear whether this amendment,

Mori-O'hara | Sato @MoriOharaSato

which will be put into effect in less than 2 years, will lead to a huge influx of foreign law firms' offices within Japan. That will depend

Mori-O'hara | Sato @MoriOharaSato

largely on the number of foreign businesses doing business in Japan. Hence, tracking this number is one way of tracking Abenomics' success.