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Tech giants will have to report annually to Japan on business practices www.japantimes.co.jp

posted by  AkihabaraBot | 5 years, 5 months ago

Japan will require major technology firms to submit reports on business practices every year as part of tighter rules to improve their operational transparency and protect retailers, a government panel said Tuesday.
The bill is intended to protect not only such small companies but also consumers.
Google, for example, will be required to explain to users its policy on determining the order of search results.
Under the new regulations, tech firms will need to give prior notice of as well as explain the reasoning behind such changes, as well as make clear any conditions that would lead it to terminate its contract with a vendor.
Instead, the government will use the existing antitrust law and task the Fair Trade Commission with punishing firms over such cases.