The United States expressed concern that the planned revisions to the Antimonopoly Law lifting the ban on holding companies might lead to a strengthening of “keiretsu” relationships among Japanese firms, according to documents released Sept. 19.
The comments were made in response to the U.S. Fair Trade Commission’s call for opinions from the public and concerned parties before it finalizes guidelines for interpretations of the revised law by December. The U.S. urged that the commission’s ability to prevent or correct anticompetitive corporate groups be raised, the possibility of firms circumventing the Antimonopoly Law be minimized and that maximum transparency be offered in the notification and review process for holding companies.
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