Japan plans to establish a regulatory department for IT giants and strengthen cooperation with overseas antitrust agencies

According to news from this site on September 1, Kyodo News reported that Japan’s Fair Trade Commission decided to establish a new department responsible for regulating and investigating large IT companies as soon as April next year. The department will be responsible for enforcing the "Smartphone Specific Software Competition Promotion Act" (hereinafter referred to as the new law), which restricts IT giants from monopolizing the smartphone app market, and will also strengthen cooperation with overseas antitrust authorities.

Image source Pexels According to the plan, the department will be headed by a director-level cadre with a staff size of 50, more than three times the current number of relevant staff.
The Japan Fair Trade Commission previously used the Anti-Monopoly Law and the Subcontracting Law to control the economic activities of enterprises. The new law was passed in June this year and will be implemented before the end of next year. The purpose is to encourage competition and correct oligarchs Monopoly status .
This site has learned that the new law defines smartphone operating systems (OS) as well as app stores, browsers, and search engines as "specific software." It is prohibited for Apple and Google to prevent other companies from joining in the operation of app stores and payment systems.

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