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As artificial intelligence continues to reshape industries, understanding the evolving regulatory landscape is more critical than ever. Our APAC AI Monitor series offers in-depth analysis of key legal developments across...more
Japan adopts a soft law approach to AI governance but lawmakers advance proposal for a hard law approach for certain harms. Laws/Regulations directly regulating AI (“AI Regulations”) On May 28, 2025, Japan's Parliament...more
This chapter discusses prudential insurance regulation in Japan. Japan is the fourth-largest insurance market in the world, with a broad customer base and a varied range of offerings. This profile, coupled with ongoing...more
In February, the Japan Fair Trade Commission announced that it will hire additional staff to enforce the country's new Act on Promotion of Competition for Specified Smartphone Software. The Act “aim[s] to foster innovation...more
Good Afternoon! Though space policy hasn’t dominated recent headlines, plenty has happened over the past two weeks: The House Science committee outlined its space priorities and requested GAO review of FAA launch rules,...more
2024 was a year of significant development in the APAC region. Competition regulators continued to flex their muscle in merger control and remain committed to tighter controls on big tech. Looking ahead to 2025, competition...more
Artificial intelligence (AI) is transforming industries at an unprecedented pace, but it also introduces complex compliance challenges. While many regions are ramping up their regulatory frameworks to address these risks,...more
Further to its enactment and promulgation in May 2024, the Hydrogen Society Promotion Act (the "Act") – Japan's first law regulating businesses relating to hydrogen and its derivatives – came into effect on October 23, 2024....more
As we move into the second half of 2024, the competition law landscape across the Asia-Pacific region continues to shift towards tighter regulation and increased enforcement. Faced with the intricate challenges of modern...more
On 17 May 2024, the Japanese parliament approved two energy-related bills into law: - the Hydrogen Society Promotion Act1; and t - he CCS Business Act.2 These are Japan's first laws relating to the business of hydrogen...more
Japan adopts a soft law approach to AI governance but lawmakers advance proposal for a hard law approach to generative AI foundation models. Laws/Regulations directly regulating AI (“AI Regulations”) Japan currently...more
As we move into 2024, legislative reform is on the minds of competition regulators in the region as they turn to competition policy to address perceived challenges in market structures and limit the extent to which businesses...more
By now, many of us are using AI, advising others about how to use AI, and waiting for some legislative miracle to give us some guardrails for what we can or cannot be doing with AI. A lot of effort has been put into tracking...more
Even as the "godfathers" of generative AI (Geoffrey Hinton, Yoshua Bengio and Yann LeCun) disagree about the potential threat to humanity, policymakers, researchers and leading tech executives are calling for government...more
An evolving landscape of reforms in the ESG ratings sector continues to pose challenges to providers of ratings and scores. International momentum to regulate ESG ratings continues as the European Commission released a...more
Every dramatically new technology, from cryptocurrency to drones to artificial intelligence, poses a regulatory challenge. Governments must decide how to characterize the technology within existing laws, how those existing...more
The global central bank cooperative body would bring stablecoins within the international standards for payment, clearing, and settlement systems....more
Under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities (Act No. 89 of 2018; the “Offshore Renewable Energy Act”), enforced on April 1, 2019, offshore...more
Despite political and economic uncertainties, markets and deal activity were resilient in 2019, and strong fundamentals remain in place heading into 2020. Companies continue to face a challenging litigation and enforcement...more