On 22 February 2023, JPN METI invited comments, info mainly from listed firms, investors.

• Aim to deepen analysis, consideration of major items under discussion by study group.
• Concern matters including principles of acquisitions in general, conduct of directors and BoD regarding takeover proposals, raising transparency related to acquisitions.
• Preventing acts that distort shareholder decision-making, an ideal approach to takeover defense measures, and associated terminology designations.
• Comments by 15 March 2023, for planned compilation of discussions by spring 2023.