Japan to Strengthen Monitoring of Overseas IT Giants

Politics

Tokyo, Dec. 12 (Jiji Press)--The Japanese government said Wednesday that it will examine an expert panel proposal for creating a dedicated team to strengthen monitoring of overseas information technology giants.

The Fair Trade Commission separately said that it will start investigations into the business practices of such companies in January, in line with another proposal by the joint panel of the industry ministry, the FTC and the communications ministry.

Through the investigation, the FTC will check whether Japanese companies are forced to accept unfair deals due to the IT giants' oligopoly of the digital market. The probe will be aimed at helping the government set rules and revise relevant laws to secure transparency and fairness in their transactions with corporate and individual customers.

On Wednesday, the panel proposed that the government set up a team comprising experts in such fields as legal study, economics, information processing and system engineering and initiate large-scale, comprehensive investigations before starting discussions on measures to realize fair and transparent IT deals.

The proposed team will be tasked to support law enforcement and policy planning.

[Copyright The Jiji Press, Ltd.]

Jiji Press