Tag - ftc

 
 

FTC

Monex Group Chairperson Oki Matsumoto (center), celebrates the debut of Coincheck on the Nasdaq Global Market on Wednesday in New York.
BUSINESS / Companies
Dec 12, 2024
Japanese crypto exchange Coincheck goes public in U.S.
Coincheck, effectively controlled by Japanese online broker Monex Group, aims to expand its operations through acquisitions in the U.S. and Japan.
U.S. companies Apple and Google are likely to be the primary targets of the new law to restrict activities of technology giants with at least 40 million users per month in Japan.
JAPAN / Crime & Legal
Dec 10, 2024
Japan to regulate tech giants with at least 40 million users
U.S. companies Apple and Google are likely to be the main targets of the law.
Packages move along a conveyor belt at an Amazon warehouse
BUSINESS / Companies
Nov 27, 2024
Japan investigating Amazon for allegedly bullying other businesses
Tactics allegedly employed by the retailer involve the squeezing of business partners in exchange for visibility.
Amazon Japan allegedly pressured sellers to lower prices of their products in exchange for advantageous placement on their “Buy Box” system, which highlights one seller’s product as the preferred choice on a product page.
BUSINESS / Companies
Nov 26, 2024
Antitrust watchdog raids Amazon Japan over alleged price-fixing
The investigation is focused on potential breaches of antitrust laws, including abuse of a superior bargaining position and restrictive trading practices.
According to The Japan Fair Trade Commission, Kadokawa notified 26 subcontractors in January 2023 that it would unilaterally cut compensation rates for content slated for Lettuce Club from its April 2023 issue and beyond.
BUSINESS / Companies
Nov 13, 2024
Kadokawa warned over unfair payment practices
In a joint statement issued Tuesday, Kadokawa and its subsidiary pledged to pay the outstanding amounts once calculations are complete.
JR Central is believed to have been involved in a bid-rigging case as a coordinator.
JAPAN / Crime & Legal
Oct 22, 2024
JFTC inspects JR Central and others for suspected bid-rigging
They are suspected of conspiring to decide in advance which company would win contracts for land bridge inspection work on 10 of JR Central's lines.
The Fair Trade Commission says rules preventing pro baseball players from freely choosing their agents for contract negotiations could violate the antimonopoly law.
BUSINESS / Companies
Sep 20, 2024
Japan FTC warns pro baseball body over agent rules
The body's rules have limited agents for players to lawyers and prohibited players from choosing lawyers who had already been picked by other players.
Lions players celebrate after a win over the Buffaloes on Wednesday at Belluna Dome in Tokorozawa, Saitama Prefecture.
BASEBALL / Japanese Baseball
Aug 25, 2024
A fight over free agency in NPB, with help from an American union
The union representing players in NPB is fighting to secure rights over players' images and give them the opportunity to make the jump to MLB sooner.
Nissin Food Products' instant noodle products that were the subjects of a Fair Trade Commission antitrust warning on Thursday
JAPAN
Aug 23, 2024
Nissin gets antitrust warning over prices of instant noodles
"We take this warning seriously and will work on improvements to further strengthen our legal compliance system," the firm said.
Tokio Marine & Nichido Fire Insurance and three other insurance firms will be issued with cease-and-desist orders by the the Fair Trade Commission for forming a cartel, sources have said.
BUSINESS / Companies
Aug 6, 2024
Japan's FTC to issue orders to four major nonlife insurers in premium cartel
The insurers are said to have started prearranging premiums on contracts for Keisei Electric Railway, in which they shared the risk of covering payments, before 2020.
Harley-Davidson motorcycles on display in Tokyo. Japan's antitrust watchdog has raided the manufacturer's Japan unit for allegedly imposing excessive sales quotas on its dealers.
JAPAN
Jul 30, 2024
Harley-Davidson's Japan unit raided after quotas force dealers into hardship
The motorcycle manufacturer's unit in Tokyo is also suspected of having dealers buy Harley-Davidson models that they did not want.
When Microsoft took a non-voting, observer position on OpenAI's board in November, it triggered unease among antitrust watchdogs in the European Union, Britain and the United States over how much control it exerts over the artificial intelligence startup.
BUSINESS / Companies
Jul 11, 2024
Microsoft ditches OpenAI board observer seat to avert antitrust scrutiny
The move comes amid concerns among British and U.S. antitrust watchdogs over Microsoft's influence over OpenAI and the latter's independence.
Toyota Customizing & Development, a Toyota subsidiary, broke the subcontract payment law, the Fair Trade Commission said.
BUSINESS / Companies
Jul 5, 2024
Toyota unit violated subcontractor protection law: regulator
Yokohama-based Toyota Customizing & Development broke the law by having dozens of suppliers store metal die casts and other items without paying any storage fees.
Toyota Customizing & Development, founded in April 2018 and 90.5% owned by Toyota, develops vehicles on behalf of the parent firm.
BUSINESS / Companies
Jun 30, 2024
Toyota unit violates subcontract law
The Fair Trade Commission will shortly recommend that TCD take steps to prevent a recurrence of similar misconduct, sources said.
The Fair Trade Commission in Tokyo's Chiyoda Ward
BUSINESS / Companies
Jun 12, 2024
Hashimoto Sogyo inspected over nonpayment of overtime
The antimonopoly law prohibits the abuse of a shipper's dominant position over an operator.
The U.S. Federal Trade Commission has filed a lawsuit seeking to break up the social networking giant Meta.
BUSINESS / Companies
Jun 5, 2024
Meta withheld information on Instagram and WhatsApp deals, FTC says
The company formerly known as Facebook bought photo-sharing app Instagram in 2012 and the messaging app WhatsApp in 2014.
Nissan CEO Makoto Uchida said that the automaker will continue to communicate with its suppliers to see whether unfair practices persist and set up a new team directly under him to accelerate reforms on its relations with its subcontractors.
BUSINESS / Companies
Jun 1, 2024
Nissan challenges TV Tokyo report on subcontractors
The automaker denied allegations that it continued to pressure its suppliers into slashing prices even after receiving a warning from the fair trade regulator.
A bid-rigging case represents the first time the Japan Fair Trade Commission has issued a cease-and-desist order order over a project related to the COVID-19 pandemic.
BUSINESS
May 30, 2024
FTC issues cease-and-desist orders to JTB and other travel agencies
It is the first time the antitrust watchdog has issued such an order over a project related to the COVID-19 pandemic.
Masanori Katayama, chairman of the Japan Automobile Manufacturers Association, said the association will work with the Japan Auto Parts Industries Association to address the problem of subcontractor bullying.
BUSINESS / Companies
May 24, 2024
Japan’s automakers vow to stop squeezing their suppliers
Member companies of the Japan Automobile Manufacturers Association have agreed to treat subcontractors more fairly when the latter pass on cost increases.
The Fair Trade Commission took an administrative action against Google for using tactics that limited Yahoo Japan’s ability to compete in targeted search ads.
BUSINESS / Tech
Apr 22, 2024
Japan watchdog says Google hurt local rival’s ability to compete
From 2015 to 2022, Google blocked Yahoo Japan from technology needed to receive targeted ad revenue from searches on mobile devices, the FTC said.

Longform

Yasuyuki Yoshida stirs a brew in a fermentation tank at his brewery in Hakusan.
The quake that shook Noto's sake brewing tradition