The payments and asset transactions to these sanctioned entities are subject to approval by Japanese government. The asset transactions include a contract of deposit, a contract of trust, and money lease contract etc.
The names of additional 5 sanctioned organizations are as follows:
1. Central Bank of Libya
2. Libyan Investment Authority
3. Libyan Foreign Bank
4. Libyan Africa Investment Portfolio
5. Libyan National Oil Corporation
(Source: METI News Release on March 23, 2011 http://www.meti.go.jp/press/20110323010/20110323010.html )
As Japanese government and TEPCO's PR presentation was very poor and not comprehensive, it is natural response that many foreigner left Japan for the time being.
I also had impression from their announcement that it is difficult to get reliable, truthful, concrete information about the situation, true risks, short term and longer term assessments, etc.
Although I'm not scientist, not familiar with nuclear technology, what I learned so far is that radiation level in Tokyo is pretty much safe level, we don't have to be panic, not necessary to rush out of Tokyo to evade from radiation.
First, what we need to understand is the radiation measure unit, what Sievert ("Sv") means, and the difference of micro SV, mille Sv, and Sv.
- Micro Sv x 1,000 = Mille Sv.
- Mille Sv x 1,000 = Sv
So, from what level is harmful to human? It is said as above 200 mille Sv. This means 200K micro Sv.
So far, radiation in east Japan is reported as micro Sv level, e.g. Tokyo Shinjuku area's radiation level as of March 20 is 0.0452 micro Sv per hour. If a guy stands out of building most of a day (10 hours), it means this guy receive 0.452 micro Sv. (But as you imagine, this is unlikely behavior.) As long as TV or news report "micro Sv" level, there is no concern at all in human health. Just for comparison, CT scan health check is 6,900 micro Sv.
Tokyo is 200-300km far from Fukushima Daiichi plant. As IAEA reported recently on their web site, "Tokyo and other areas outside the 30-kilometre zone remain below levels which would require any protective action. In other words, they are not dangerous to human health." IAEA verified Japanese government announcement was not lie.
Also, compared with Hiroshima atomic bomb in 1945, my grandparents and parents lived in a city just 100km away from Hiroshima. Atomic bomb radiation level was estimated as about 30 Sv (please be noted this means 30 millions micro Sv!) in 500meter from the ground zero point. This radiation level leads to immediate death or die within 1 month. But even in this extremely high radiation level, the people living 100km away from Hiroshima, they didn't have any health concern and my parents still live healthy, never suffered from cancer in 70 years time. I know it is not scientific analysis to refer the atomic bomb more than 60 years ago, but this idea personally relieve myself.
- Financial sanction: Frozen assets of Qadhafi and his family and relatives
Based on the Notification issued by Ministry of Foreign Affairs in Japan ("MOFA"), the payment to Qadhafi and his relevant persons is required permission. Asset transactions (including deposit contract, trust contract, and loan contract) are also required permission. The Qadhafi and his relevant persons are listed in http://www.mofa.go.jp/mofaj/press/release/23/3/PDF/0308_01_01.pdf
- Prohibition of import of arms from Libya
By issuing the Notification based on Foreign Exchange and Foreign Trade Law ("FEFTL"), the import of arms originating in Libya and being shipped from Libya are prohibited.
(Source: METI web site http://www.meti.go.jp/press/20110308001/20110308001.pdf )
The list update is to reflect the list change of international regimes, such as Wassenaar Arrangement ("WA") December 2010 list update. For example, in electronics items (3A001) and encryption items (5A002), below are the examples of list change summary which is in line with the WA December 2010 list update.
Category 3 IC chip: Relax of technical parameter in Integrated Circuit Analogue-to-digital and digital-to-analogue converter integrated circuits, Category 3A001.a.5.a. (Please be noted the ordinance is written in Japanese and below ECCN should be converted to Japanese numbering system in its ordinance article 6.)
3.A.1.a.5.a.2. - output rate parameter increased (from current 200 million) to greater than 300 million words per second
3.A.1.a.5.a.3. - output rate parameter increased (from 105 million) to greater than 200 million words per second
3.A.1.a.5.a.4. - output rate parameter increased (from current 10 million) to greater than 125 million words per second
3.A.1.a.5.a.5. - output rate parameter increased (from current 2.5 million) to greater than 20 million words per second
Category 5 part 2 “Information Security”:
Add new exemption provision to 5A002 encryption item (Please be noted the ordinance is written in Japanese and the exemption "J" is written as "ヨ" in its Japanese document.)
j. Equipment, having no functionality specified by 5.A.2.a.2., 5.A.2.a.4., 5.A.2.a.7., or 5.A.2.a.8., where all cryptographic capability specified by 5.A.2.a. meets any of the following:
1. It cannot be used; or
2. It can only be made useable by means of ″cryptographic activation″.
Add new restricted item’s provision as 5A002.b (Please be noted the ordinance is written in Japanese and the 5A002.b is written as Ordinance Article 8, paragraph 1, item 9-2.)
5A002.b: Systems, equipment, application specific "electronic assemblies", modules and integrated circuits, designed or modified to enable an item to achieve or exceed the controlled performance levels for functionality specified by 5A002.a that would not otherwise be enabled.
Above are just examples of changes in IT industries. There are many other changes in most of WA categories, through Category 1 to 9. Traders are encouraged to review the items where applicable. In addition, as Japanese export control list quickly reflect the WA list update, this causes some disparities with other WA list adopted countries and its list update is behind the Japan’s pace. For example, Singapore and Malaysia adopt the EU list and its update follow the EU list, which only reflect WA 2008 version currently. For global traders, even if the item has same technical parameter, the classification result may vary depending on the timing of export control list update in each country.
As the due date of public comment is on April 03, 2011, the new list implementation in Japan is likely to be sometime after couple of months later on after April 2011.