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Japan: FTC antitrust leniency program to be widened

By  |  February 25, 2019

The government will expand the Fair Trade Commission’s antitrust leniency program, mainly by reducing fines on violators depending on the degree of their cooperation, according to informed sources. Meanwhile, penalties for violating the Antimonopoly Law will be strengthened.

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    The government hopes to adopt a bill to revise the law at a Cabinet meeting in early March and submit it to the current Diet session ending in June if the ruling bloc signs off on it.

    Under the leniency program, introduced in 2006, companies are granted a reduction or exemption of fines if they report bid-rigging, cartels or other violations of the law.

    Full Content: Japan Times

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