Business | Apr 18

New Bill to Penalize IT Giants

TOKYO, Apr 18 (News On Japan) - The Japanese government plans to impose fines of 20% on domestic sales of major IT companies like Apple and Google to curb monopolistic practices such as hindering new entrants in the smartphone app market.

The penalty exceeds the existing antitrust laws by threefold and could be increased to 30% if no improvements are seen. The bill also includes provisions that mandate the opening of app stores and payment systems and prohibit the preferential display of their own services. The government aims to pass the bill in the current session of the legislature.

Source: テレ東BIZ

MORE Business NEWS

Osaka May Day Rally Calls for Wage Increases

May 1st marks the celebration of the international labor movement known as May Day. In Osaka, a rally was held where attendees called for the extension of recent substantial wage increases to small and medium-sized enterprises (SMEs) as well.

Japan's Top Five Securities Firms See Significant Profit Increase

The earnings reports from Japan's five major securities firms are in, showing strong performances boosted by the rising stock market.

Vacant Homes in Japan Reach Record High of 9 Million

Japan's Ministry of Internal Affairs and Communications announced on April 30th that the number of vacant homes across the country has reached 9 million, setting a new record high.

POPULAR NEWS

Tokyo's New Chinatown

In Tokyo, the Chinese population has been on the rise, with Adachi Ward seeing more than double the number from ten years ago.

Mizuhara Launders Cash at Casinos

In the case where Shohei Ohtani's former interpreter was prosecuted for making unauthorized transfers from Ohtani's account, it has been revealed that the mastermind behind the illegal gambling had converted the received money into cash at casinos.

Suspected Chromium-Contaminated Cat Found Dead

The carcass of a cat was found near a plating factory in Fukuyama City, Hiroshima Prefecture, on March 30th.

Vacant Homes in Japan Reach Record High of 9 Million

Japan's Ministry of Internal Affairs and Communications announced on April 30th that the number of vacant homes across the country has reached 9 million, setting a new record high.

New Arrest in Tochigi Double Murder

A South Korean man suspected of involvement in the case of a couple's bodies found in Nasu Town, Tochigi, was arrested early Wednesday morning.

FOLLOW US