Australia recently planned to launch the News Media Bargaining Act, requiring social media such as Google and Facebook to pay news publishers for the occasion of displaying news content. The Japanese government is also preparing to offer regulatory regulations on Google, Apple, Amazon and other IT giants this spring, and is currently pushing forward with the final procedures to be implemented on February 1 this year at the earliest.
According to Kyodo News 20, the Japanese government on the 19th based on the new law “law on improving the transparency and fairness of specific digital platforms” formulated in 2020, will strengthen the control of several domestic IT giants, especially the total annual turnover of more than 300 billion yen (about 2.91 billion U.S. dollars) scale of e-commerce platform operation industry.
As mentioned in the report, the new law includes the definition of e-commerce business, including Food, beverage and daily necessities. Also included in the target are operators of App stores for smartphones and other uses, with a total transaction amount of 200 billion yen (about $1.94 billion) or more.
After the implementation of the new law, if the company does not disclose sufficient information, the Japanese government will first advise, and if the company does not make adjustments, the government will issue an order to take measures. If a violation of the Antimonopoly Act is found, the government may request the Fair Trade Commission to take various adjustment measures against them according to the law. In addition, these IT companies are required to report their operations to the Japanese government on a regular basis.
Kyodo News reports that Google, Apple, Amazon and other companies will be the target of regulation once the bill is implemented. The bill will take effect on February 1 this year at the earliest.
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