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

Former Official Involved in Ikebukuro Car Crash Dies in Prison at 93

Kozo Iizuka, a former senior official convicted in a 2019 car crash in Ikebukuro, Tokyo, that killed two people and injured nine others, has died at the age of 93. Iizuka passed away in October, reportedly due to natural causes.

Hyogo governor denies illegality in election campaign

The Governor of Hyogo Prefecture in western Japan has expressed his view that there were no illegalities in his election campaign. The remark came as some are accusing him of violating the public offices election law over the use of a PR company in the campaign. (NHK)

Japan's Cough Medicine Shortage Continues

Cough medicine shortages have been ongoing for over a year in Japan, creating significant challenges for both patients and healthcare providers. Hospitals and pharmacies report dwindling stocks, with some relying on alternative solutions like medicated patches.

Japanese Photographer Dies After Being Pushed in New York

A renowned Japanese photographer based in New York, Yasuomi Hashimura, known for his groundbreaking contributions to American advertising photography, died after being pushed on the street by a man.

Wake Held for Princess Yuriko of Mikasa

A wake for Princess Yuriko of Mikasa was held at her residence within the Akasaka Estate, attended by members of the Imperial family, including Princess Aiko, the eldest daughter of the Emperor and Empress.

MEDIA CHANNELS

MORE Business NEWS

Mercari Strengthens Customer Support to Address Return Fraud Issues

Mercari, a leading online marketplace, has announced new measures and compensation policies in response to increasing issues among users, such as the fraudulent replacement of returned items.

Matsusaka Auction Sees Top Cow Net Over 30 Million Yen

The prestigious Matsusaka Beef Competition, a showcase of premium cattle from Mie Prefecture, was held Sunday, where the top-ranked cow was auctioned for almost $200,000 (30.32 million yen).

Crayon Shin-chan Landmark Store Shuts Down

A store featured as a model in the anime "Crayon Shin-chan" closed its doors on November 24th.

Japan's Xmas Cake Budget Shrinks

With one month left until Christmas Eve, a survey by a department store has revealed that the average budget for Christmas cakes in Japan has declined, despite a rise in the number of people planning to purchase them.

Trading in Japan: Insights and Opportunities

Japan’s trading landscape is a landscape of modern financial markets mixed with technological innovation and 400-year-old trading traditions.

日本での広告支払いに新たな可能性：GoogleとFacebook用のバーチャルカード

日本の企業はGoogle AdsやFacebook Adsを使ってビジネスを拡大していますが、支払いに関する問題が広告キャンペーンの妨げになることがあります。

About 1,000 Nissan employees in US accept early retirement offers

Struggling Japanese automaker Nissan Motor says about 1,000 of its employees in the United States have accepted early retirement offers. That figure represents 6 percent of the firm's US workforce. (NHK)

Japan Allocates Budget for Securing Copper Mine Interests

The Japanese government plans to incorporate securing copper mine interests into its upcoming economic measures, according to a report by TV Tokyo. Copper, an essential material for electric vehicles (EVs), semiconductors, and data centers, faces increasing global demand, raising concerns over supply shortages.

< 2 3 4 5 >