Japan to Form Panel to Discuss Regulations on IT Giants

Politics

Tokyo, Sept. 19 (Jiji Press)--The Japanese government decided Thursday to set up this month a headquarters to discuss tougher regulations on global information technology giants.

At the day's meeting of a future investment panel, chaired by Prime Minister Shinzo Abe, participants also talked about how to promote investment in new industries, as part of work to draw up a new growth strategy. This was the first meeting of the panel since Abe reshuffled his cabinet on Sept. 11.

The government plans to draft within this year a bill on regulations on IT firms. The envisioned digital market competition headquarters will hold its first meeting shortly to launch full-fledged discussions on the planned bill and policy planning.

The headquarters, to be led by Chief Cabinet Secretary Yoshihide Suga, will comprise about 10 ministers, including Minister of Economy, Trade and Industry Isshu Sugawara. Fair Trade Commission Chairman Kazuyuki Sugimoto will also join the headquarters.

A subgroup of five experts, including University of Tokyo Prof. Yutaka Matsuo, will be set up under the headquarters.

[Copyright The Jiji Press, Ltd.]

Jiji Press