Employees of a skin care product company during a livestreaming sales event in Tokyo. Under the new law, operators of shopping sites and app stores with annual Japan revenue of at least 300bil yen (RM11.44bil) and 200bil yen (RM7.62bil) respectively must submit annual reports to the Ministry of Economy, Trade and Industry. — Reuters
TOKYO: Japanese policymakers must keep open the option of toughening regulations on technology giants if an e-commerce law introduced this month does not work as expected, said a lawmaker overseeing the ruling party’s deliberations on competition policy.
Japan on Feb 1 joined a global trend towards increased scrutiny of possible antitrust activity by big tech names with legislation requiring disclosure of information such as terms of contracts with business partners, how search rankings operate and reasons for suspending or refusing vendors.
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