U.S. tech giants air concerns over Japan's IT regulation bill english.kyodonews.net

KYODO NEWS - 1 hour ago - 13:50 | All, JapanRepresentatives of U.S. digital giants expressed concerns Tuesday over a planned bill in Japan aimed at regulating global and domestic information technology companies amid concerns about their growing monopolies.
But some voiced worries, with Adam Cohen, Google's global head of economics and competition, airing concerns about Japan's request for regular reports on GAFA businesses, the official said.
The government has already heard the views of domestic information technology firms Rakuten Inc. and Yahoo Japan Corp.
It plans to submit the bill to the ordinary Diet session to be convened in January next year amid concerns some IT giants are able to stifle fair competition due to their overwhelming market shares.
The envisioned legislation will oblige such IT firms to make contract terms public and explain their reasoning when refusing deals.