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
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI