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ECONOMY

JFTC calls for “ex ante regulations” to prevent data hoarding in digital sector

  • June 26, 2021
  • , Nikkei , p. 7
  • JMH Translation

On June 25, the Japan Fair Trade Commission (JFTC) released a report calling for the introduction of regulations on information technology (IT) giants to prevent them from hoarding their customers’ personal data. Imposing ex post regulations under the antimonopoly law is not effective because it is done too late. The JFTC is looking to create new rules that are similar to the “ex ante regulations” recently adopted in European nations. 

 

The report was compiled by the JFTC’s Competition Policy Research Center. The report says that monopolies tend to arise in the digital business, where powerful companies hoard customer data. It argues that there are limits to ex-post crackdowns on violations of the antimonopoly law and that the government needs to intervene before a monopoly arises to ensure a market environment that is easy for new companies to enter. (Abridged)

 

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