Australia's new rules 'facilitate' Japan investment, envoy says

TOKYO -- Impending changes to Australia's foreign investment framework will "facilitate and enable" Japanese investment in sectors such as critical minerals, Canberra's ambassador to Japan told Nikkei Asia in an interview.

In May, Australia unveiled reforms to its foreign investment laws. Under the new framework, the government will increase scrutiny of projects affecting the national interest, while simplifying the process for known investors in less sensitive areas.