On the 1st October 2023, "Japan deposited the instrument of accession to the United Nations Convention on International Settlement Agreements Resulting from Mediation (Singapore Convention on Mediation) with the Secretary-General of the United Nations in New York, the United States. This Convention will enter into force for Japan 6 months after the date of the deposit of its instrument of accession. It is expected that Japan’s conclusion of this Convention will further facilitate the use of mediation, and that it will contribute to expanding Japanese companies’ overseas businesses and to attracting foreign investment in Japan, thereby leading to its economic development."
