08 Nov Japan Mulls Rules for “Data-Hogging” IT Companies
A study panel composed by Japan’s Ministry of Economy, Trade and Industry, the Fair Trade Commission and other entities proposed that regulations be imposed on IT companies that amass personal information.
The rules will prevent tech giants such as Google, Facebook, Apple and Amazon from hampering fair competition and abusing such data.
The government is reportedly considering regulations that would compel tech giants to disclose information related to their contracts with client companies, as well as forming a watchdog organization to monitor if digital platforms are monopolizing data and impeding fair competition in the market.
Source: Asahi
