The Japanese government plans to limit the indirect ownership of domestic broadcasters by foreign companies through local subsidiaries and affiliates.

(The Hollywood Reporter) -- The Japanese government plans to limit the indirect ownership of domestic broadcasters by foreign companies through local subsidiaries and affiliates.

Currently, foreign investors are limited to a 20% stake in Japanese broadcasters, but this restriction does not apply to indirect investments via a Japanese company.

However, revisions to these rules submitted April 1 would place the same limit on indirect investments, according to Hisaoki Kamei, chairman of the ruling Liberal Democratic Party's electronic communications committee, which is hoping the revision will be passed by the Japanese parliament during its session that ends June 19.