June 14 2021 Attention to SPACs is increasing in Japan. Well-known Japanese investment companies have listed SPACs in the US, and some of the US-listed SPACs are targeting Japanese companies. The Japanese government has begun to discuss the introduction of a Japanese version of SPACs (J-SPACs) in Japan. On June 2 2021, the Growth Strategy Conference, an advisory board to the Japanese government, published a draft of the growth strategy implementation plan, which indicates that in light of the experiences of the US and other foreign regulators, general trends of the SPAC market and the perspective of enhancing Japan's international competitiveness, the Japanese government will consider introducing J-SPACs while taking adequate measures required from an investor protection perspective. While the US SEC is strengthening its monitoring as the SPAC boom heats up in the US, Japan is still on the other end of the spectrum. It would be worthwhile for Japan to consider the pros and cons of introducing J-SPACs by looking at experiences in the US market.