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Wednesday, January 20, 2021

Japanese Government Joins Europe and the Trump Administration in Regulating Tech Giants

Chairman of Japan’s Fair Trade Commission Kazuyuki Furuya said during a Monday press conference in Tokyo that the Japanese government will join forces with Europe and the Trump administration to take on any market abuses by the four Big Tech firms.

The Chairman of Japan’s Fair Trade Commission, Kazuyuki Furuya, said during a Monday press conference in Tokyo that the Japanese government will join forces with Europe and the Trump administration to take on any market abuses by the four Big Tech firms.

Furuya also told local reporters that the Japanese government could open an investigation into any merger or business tie-up involving fitness tracker maker Fitbit, in case the size of these deals are big enough. 

Experts believe these statements are the clearest sign that Tokyo will join global efforts to regulate all digital platform operators.

“If the size of any merger or business-tie up is big, we can launch an anti-monopoly investigation into the buyer’s process of acquiring a start-up (like Fitbit). We’re closely watching developments including in Europe,” Furuya said.

“We’ll work closely with our U.S. and European counterparts, and respond if to any moves that hamper competition. This is an area I will push through aggressively,” he also said, adding that the watchdog group was ready to open investigations if any digital platform abuses its dominant market positions against consumers.

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