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ECONOMY

Panel holds meeting on regulating GAFA

  • February 18, 2019
  • , NHK
  • JMH Summary

NHK reported on Monday evening that a committee made up of officials of the Ministry of Economy, Trade, and Industry, the Ministry of Internal Affairs and Communications, and other relevant ministries; academics; and other experts met earlier in the day to discuss concrete rules to regulate IT giants such as Google, Apple, Facebook, and Amazon (GAFA). The participants agreed to set up subcommittees for each policy area, focusing on the transparency of contract terms with these companies and their handling of the enormous amount of personal information they collect, which allows them to practically monopolize the digital market.

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