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Tokyo may control foreign purchases of Henoko land

Date Posted: 2012-02-24

Defense Minister Naoki Tanaka says the government is studying a legal revision to regulate foreign firms' acquisition of land near Okinawa Prefecture's Henoko district, where Japan plans to relocate a key U.S. military base.

The whole government is considering the legal revision, Tanaka told the House of Representatives Budget Committee, responding to an opposition lawmaker who noted that a foreign company is planning to buy a land tract for resort development near the Henoko area. However, Chief Cabinet Secretary Osamu Fujimura said later that it is not true that the whole government is studying the matter. Fujimura says it is necessary to carefully take into account such issues as national security and protection of property rights of individuals.

The government plans to transfer the U.S. Marine Corps' Futenma Air Station in Ginowan City to the area in Nago. Tanaka says the government will discuss the matter so that it can respond quickly under new legislation.

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