J P M O R G A N On July 13-14, several media outlets, including WWD Japan and Japan Distribution Economics Newspaper, reported on the content of the eighth meeting of the J-Beauty Industry Study Group, which consists of Liberal Democratic Party (LDP) members and was held on July 13. At the meeting, the Ministry of Health, Labour and Welfare (MHLW) announced its intention to revise the Director- General's notification on the Standards for Proper Advertising of Pharmaceuticals, etc. during FY2027. We view thi ...