Tag - ftc

 
 

FTC

A Costco store in Illinois
BUSINESS / Companies
Mar 13, 2024
Costco’s Japan unit warned by FTC after cutting subcontractor payments
Bakery and food suppliers saw their compensation reduced by ¥33.5 million from 2021 to 2023, the agency has said.
The Fair Trade Commission will demand Nissan take measures to prevent a recurrence of unfair reductions in payments to subcontracting auto parts makers.
BUSINESS / Companies
Mar 4, 2024
Japan FTC to warn Nissan over payments to parts suppliers
The reductions are estimated to total about ¥3 billion for more than 30 suppliers over the past several years.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023
FTC inspects nonlife insurers over alleged joint contract cartel
The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
An Apple Store in Shanghai in September
BUSINESS / Tech / FOCUS
Nov 19, 2023
Asian regulators turn focus to Big Tech
Across the region, there are indications that Big Tech may soon have to comply with standards that could become international benchmarks.
The Fair Trade Commission has begun a probe on allegations of potential antitrust violations by Google.
BUSINESS / Tech
Oct 23, 2023
Japan begins probe into Google for alleged antitrust violations
Japan’s antitrust watchdog has begun an investigation into whether Alphabet’s Google abuses its market position to block rival services.
Yahoo News is currently the most popular news portal site in Japan, with the highest number of partnerships with news providers.
BUSINESS / Tech
Sep 26, 2023
Yahoo News considers reviewing contracts with news providers
The announcement follows a report by the JFTC last week that warned that the platform's operator, Yahoo Japan, may be in a superior bargaining position.
The Fair Trade Commission urged online platforms such as Yahoo Japan and Google to transparently disclose their criteria for compensating news content usage.
JAPAN
Sep 22, 2023
Japan warns IT giants over low pay to media for news distribution
The warning comes amid growing global concerns that these platforms are generating substantial revenue from the distribution of news.
Bigmotor, embroiled in a scandal over excessive repair fees and auto insurance fraud, may have forced its subcontractors to lower prices and have their company vehicles undergo periodic inspections at its workshops, according to sources.
JAPAN / Crime & Legal
Sep 2, 2023
Japan fair trade body probes scandal-hit Bigmotor over subcontracts
The company may have forced its subcontractors to lower prices and have their company vehicles undergo periodic inspections at its workshops.
Japan Times
BUSINESS
Jul 14, 2023
Four Japanese utilities and sales units slapped with business improvement orders
The industry ministry monitoring committee on gas and electricity businesses concluded that their actions hinder liberalization of the electricity market and the development of the sector.
Japan Times
BUSINESS / Companies
Apr 13, 2023
Mizuho warned over setting low IPO prices in blow to issuers
The warning suggests the government is getting more serious about removing what it sees as obstacles to its plan to turbocharge Japan’s startup ecosystem.
Japan Times
BUSINESS
Mar 31, 2023
Three Japan utilities face record-high antitrust fines over alleged cartel
The penalty — a total of ¥101 billion — is the highest ever imposed by the Fair Trade Commission for a violation of the anti-monopoly law.
Japan Times
JAPAN
Feb 9, 2023
Dentsu and other firms may face criminal charges over alleged Olympics bid-rigging
The Tokyo District Public Prosecutor"s Office and the Fair Trade Commission are considering action against six firms suspected of predetermining who would plan test events and manage venues.
Japan Times
BUSINESS
Dec 28, 2022
FTC shames organizations unwilling to discuss price hikes at suppliers' request
A probe by the antitrust watchdog found 4,030 organizations had engaged in action that possibly amounts to an abuse of a superior bargaining position under the antimonopoly law.
Japan Times
BUSINESS
Dec 13, 2022
Johnson & Johnson's Japan unit searched over alleged antitrust violation
The Japan Fair Trade Commission suspects Johnson & Johnson K.K. and ASP Japan of obstructing competitors' sales of cleaners and disinfectants for endoscopes.
Japan Times
BUSINESS
Sep 10, 2020
Amazon's Japan unit to return ¥2 billion to suppliers, FTC says
The cash will be distributed to 1,400 suppliers after they shouldered part of the costs to cover discounts.
Japan Times
BUSINESS / Companies
Sep 4, 2020
Amazon's Japan unit submits set of reforms to antitrust watchdog
The law prohibits companies from abusing their superior positions to illicitly earn profits from other parties by making demands, including for money.
Japan Times
BUSINESS / Companies
Sep 3, 2020
Japan's convenience stores are told to stop pushing 24-hour schedules
The firms' business models have been criticized for putting profit ahead of the needs of franchise owners.
BUSINESS
Jul 7, 2020
Japan FTC slaps aircraft fuel supplier for barring rival
Japan's Fair Trade Commission on Tuesday issued a cease-and-desist order to major aircraft fuel supplier Mainami Aviation Services Co. after the Tokyo-based firm allegedly obstructed a rival from entering the market.
Japan Times
BUSINESS
Jun 13, 2020
Japan FTC warns of possible illegal points programs
The Fair Trade Commission has said some actions taken by loyalty point program operators may constitute antitrust law violations.
Japan Times
BUSINESS / Companies
Mar 6, 2020
Rakuten puts free delivery plan on hold after backlash from retailers
Rakutenu2019s retailers have made it clear that they are not all on board with shouldering the shipping costs.

Longform

A statue of "Dragon Ball" character Goku stands outside the offices of Bandai Namco in Tokyo. The figure is now as recognizable as such characters as Mickey Mouse and Spider-Man.
Akira Toriyama's gift to the world