A PYMNTS Company

Japan: Tighter regulations for Big Tech in the works

 |  February 13, 2019
According to a report from Reuters, Japan’s government plans to set up a new regulator to scrutinize big tech companies like Facebook and Google amid growing concerns about monopoly practices and the handling of personal data.

The new regulator will examine competitive practices, the protection of personal data, and make antitrust recommendations, according to a presentation made at a government advisory panel on Wednesday.

The new body will also draw up new guidelines to evaluate whether mergers and acquisitions will lead to a monopoly on messaging data or personal data.

The government hopes to finalize the plans for the new regulator by the summer, but it is still uncertain when it will become fully operational.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.