Japan's Fair Trade Commission to Set Up New Bureau for First Time in 30 Years to Tackle Big Tech

Regulation
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Japan's Fair Trade Commission announced on the 22nd a plan to reorganize its structure by establishing a new bureau for the first time in about 30 years. The aim is to strengthen responses to regulations on major IT companies and to ensure fair trade practices for small and medium-sized enterprises. Local offices nationwide will also be upgraded to regional bureaus to thoroughly monitor violations related to passing on price increases. The commission aims to submit a bill to amend the Antimonopoly Act, incorporating the reorganization, to next year's ordinary session of the Diet.

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