Japanese Crack Down on Unregistered Foreign Associates

Japanese Crack Down on Unregistered Foreign Associates
At first, this sounds as if we have some non-economic news for a change, but, reading between the lines, the new interpretation of the Attorney Act is probably a measure to eliminate competition from the foreign firms and compel them to rely more heavily on the domestic firms thereby tending to offset a downturn for those domestic firms. This may not work as not many domestic firms are as well versed in international transactional work as would be needed. Thus, work may move away from Japan whenever possible, which would be self-defeating.