Posted by Social Science Research Network
Financial Times
By Robin Harding in Tokyo
Japan is considering tough new rules on handling data in an effort to head off digital monopolies, the country’s top competition regulator has said. In an interview with the Financial Times, Kazuyuki Sugimoto, head of the Japan Fair Trade Commission, said the issue of data was “crucial” for competition policy given the rise of digital groups such as Facebook, Google and Uber. A recent JFTC study group suggested blocking mergers that monopolise data; requiring changes in corporate privacy policies; banning digital platforms from collecting unnecessary customer data; and prosecuting companies that keep essential data from the competition.
Mr Sugimoto’s comments add to the global debate about how to tackle companies that gain market power by amassing data. The European Union recently hit Google with a €2.42bn antitrust fine for abusing its dominance in internet search. Google is disputing the finding.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI