July 13, 2016 Approval to Japan Broadcasting Corporation’s Investment in Japan ICT Fund

The Ministry of Internal Affairs and Communications (MIC) submitted today an inquiry to the Radio Regulatory Council (Chaired by Tadaaki Maeda, Advisor to Tokyo Gas Co., Ltd.) on the application of Japan Broadcasting Corporation (President: Katsuto Momii). This application was filed in accordance with the provisions of Article 22 of the Broadcast Act (Act No. 132 of 1950) for investment in Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services Inc. (Japan ICT Fund). MIC received by return a report from the Radio Regulatory Council stating its approval as inquired.
Accordingly, MIC has decided to approve the application of Japan Broadcasting Cooperation today.