LDP Calls for Mandatory Data Disclosure from IT Giants
Tokyo, April 18 (Jiji Press)--A panel of Japan's ruling Liberal Democratic Party on Thursday compiled proposals including the introduction of a law obligating information technology giants to disclose key data, with a view to ensuring fair deals for small firms and startups.
The envisioned law would obligate IT giants such as Amazon.com Inc. and Google Inc. to disclose information such as basic contract terms in order to enhance the transparency of their business deals.
The LDP's Research Commission on Market Competitiveness Policy plans to draw up detailed proposals by summer.
IT giants have been criticized for collecting customers' personal data, such as online shopping records, and introducing deals that impose excessive burdens on small companies.
The LDP panel's proposals also seek to protect individuals under an antitrust rule that bans bigger firms from abusing their market dominance.
[Copyright The Jiji Press, Ltd.]