Government's Digital Transparency Bill Outlined January 29 5:28
The government has compiled an outline of a bill to be submitted to the current Diet to ensure the transparency of the digital market, and the provisions prohibiting giant IT companies from acting in ways that would disadvantage their business partners. Due to a cautious opinion in the ruling party, the statement was forgotten.
As it is pointed out that a giant IT company called GAFA is gaining monopoly power, the government will submit a bill to the parliament to set new regulations to ensure transparency in digital market transactions. So, I summarized the outline.
According to this, in addition to obliging companies operating large-scale online shopping and other companies to disclose the terms of contracts with their business partners, a self-evaluation of the operation status is requested and reported to the Minister of Economy, Trade and Industry once a year. Includes things to do.
On the other hand, it has been considered that the operating company may have a provision to prohibit acts that would cause disadvantages to business partners, such as refusing to exhibit products that compete with its own products. Could hinder technological innovation. "
The Cabinet Secretariat has stated, "If there is any improper conduct, we will establish a mechanism to request the Fair Trade Commission to respond. We hope that companies will respond voluntarily."