The businessman had been released a first time on March 6 but was re-incarcerated after a criminal complaint was filed against him for aggravated breach of trust under Japan's Companies by Nissan Motors.
Former Nissan Motor Chairman Carlos Ghosn was set to leave a Japanese jail after the Tokyo District Court on Thursday rejected a prosecutors' appeal against its decision to allow his release on bail, Kyodo News and public broadcaster NHK reported.
"The only justification for keeping him in detention is that he will flee or destroy evidence", Stephen Givens, a professor of law at Sophia University in Tokyo, said before Ghosn's latest bail decision. He said the legal team will work to moderate the restrictions.
He also reasserted his innocence and his commitment to vigorously defend himself against "these meritless and unsubstantiated accusations". "I hope to be given a fair trial where the truth will come to light and I will be fully vindicated". Bail will enable him to prepare better for his criminal trial expected later this year, where he will fight all three accusations of financial wrongdoing while in charge of Japan's second biggest auto maker.
As part of his previous bail conditions, a 24-hour surveillance camera had to be installed at the entrance of his court-approved permanent residence.
When he was released on March 4 after more than 100 days in detention, he wore a cap, mask and what appeared to be a construction worker's outfit.
Joe Biden announces he is running for president in 2020
If he wins against the Cheeto-in-Chief, Biden would be 78 years old when he assumes office in January 2021. Joe Biden enters the Democratic presidential contest as a front-runner, if not the front-runner.
His case has continued to make global headlines and also thrown a spotlight on the Japanese Justice system which has been disparaged by critics as "hostage justice" as it allows prolonged detention and relies heavily on suspect's confessions. Although prolonged detentions are routine in Japan, rearresting a person who has cleared bail is unusual.
"I'm anxious because obviously the performance of Nissan is declining, but also I'm anxious because I don't think there is any vision for the alliance being built", Ghosn said in the video, which was released after his latest arrest.
Mr Ghosn was the architect of the alliance formed between Japan's Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016.
A date for Ghosn's trial has not been set. The allegations against him involve payments to a Saudi dealership, as well as the funds paid to an Oman business.
Before his latest arrest, Ghosn recorded a video in which he argued that Nissan executives either signed off on his actions or were conspiring against him because they feared losing their jobs if the company moved closer to Renault.