Japan To Join Forces With US, Europe in Regulating Big Tech Firms

Japan will join forces with the United States and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday, a sign Tokyo will join global efforts to regulate digital platform operators. From a report: Kazuyuki Furuya, chairman of Japan’s Fair Trade Commission (FTC), also said Tokyo could open a probe into any merger or business tie-up involving fitness tracker maker Fitbit if the size of such deals are big enough. “If the size of any merger or business-tie up is big, we can launch an anti-monopoly investigation into the buyer’s process of acquiring a start-up (like Fitbit),” he told Reuters. “We’re closely watching developments including in Europe.” EU antitrust regulators in August launched an investigation into a $2.1 billion deal by Google’s bid to buy Fitbit that aimed to take on Apple and Samsung in the wearable technology market. Japan is laying the groundwork to regulate platform operators. Among them are big tech giants dubbed “GAFA” – Google, Apple, Amazon and Facebook — that face various antitrust probes in western nations.

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Source: Slashdot – Japan To Join Forces With US, Europe in Regulating Big Tech Firms