The Fair Trade Commission said July 3 it will ease restrictions on company mergers and stock acquisitions, effectively halving the number of cases in which firms are required to report to authorities.

The commission plans to submit a bill to the Diet during the next regular session to begin making necessary changes to the Antimonopoly Law in January, an FTC official said. The move is in line with a report compiled by an advisory body to the commission, she said.

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