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▼ Japan To Regulate Tech Giants With At Least 40 Million Users
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Japan adopted an ordinance Tuesday to regulate technology giants with at least 40 million domestic users per month under a new law targeting anticompetitive behavior.
The ordinance will come into force on Dec. 19. The Fair Trade Commission will designate companies that meet the standard as subject to regulation upon notification.
U.S. companies Apple and Google are likely to be the main targets of the law.
The new law, designed to promote competition over smartphone apps and other products and services provided by tech giants, passed the Diet in June.
The law is set to fully enter into force by December 2025 after more details are finalized.
Covering the four areas of app stores, operating systems, browsers and search engines, the new law will ban platform holders from blocking new entrants and giving favorable treatment to their own services.
Companies violating the law will face a fine equivalent to 20% of their Japanese sales in the field where the offense occurred and 30% for repeated violations.
The ordinance will come into force on Dec. 19. The Fair Trade Commission will designate companies that meet the standard as subject to regulation upon notification.
U.S. companies Apple and Google are likely to be the main targets of the law.
The new law, designed to promote competition over smartphone apps and other products and services provided by tech giants, passed the Diet in June.
The law is set to fully enter into force by December 2025 after more details are finalized.
Covering the four areas of app stores, operating systems, browsers and search engines, the new law will ban platform holders from blocking new entrants and giving favorable treatment to their own services.
Companies violating the law will face a fine equivalent to 20% of their Japanese sales in the field where the offense occurred and 30% for repeated violations.
- 10/12 21:51
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