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Japan's Ministry of Economy, Trade and Industry revised the Japan model limited partnership agreement in June 2025, expanding fund expense provisions to align with global standards. As international capital flows into Japan's PE and VC markets, fund managers face growing pressure to adopt robust expense allocation policies and procedures to meet LP expectations and avoid regulatory violations.

Merger control was introduced in Japan by the 1947 Japanese Antimonopoly Act (AMA), together with Japan's first competition rules.

In Japan, there is no law that comprehensively covers ESG issues, but various laws regulate ESG-related matters.