Google and Facebook resisted tighter regulation, while traditional media owners, including News Corp. of Rupert Murdoch, favored reform.
Japan will tighten regulations to prevent technology giants from abusing their market power, including Facebook and Google, and having an unfair advantage over small businesses, officials said Tuesday.
The new law would require tech giants, including Google, Apple, Facebook, and Amazon.com, to reveal the terms of the agreements with customers and to report to the government on their operations, they said.
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The step by Japan mirrored the global trend of tightening regulatory controls on the online platforms – from the US to Europe and Australia, We fail to address the issues ranging from the question of anti-trust to the spread of the “fake news” and hatred.
Google and Facebook have been opposed to tighter regulation and traditional proprietors of media, including News Corp. Rupert Murdoch also endorsed the move.
“We want the new law to become transparent without adding undue burdens or hampering creativity in business transactions,” said Economy Minister Yasutoshi Nishimura to reporters.
He also added, that “The new law creates an opportunity for ‘ platformers ‘ to work independently to promote accountability and equality.”
To protect personal data, the Government revises the Privacy Act to allow individuals to seek the suspension of the use of their data by electronic companies. The legislation actually regulates the processing by illegal means of the information collected.
As regards anti-monopoly regulation, while reviewing corporate bonds, the Fair Trade Commission reviews the guidelines on reacting to the digital market by assessing the quality of the data.
The trade watchdog clarifies that the unfair acquisition and use by platform companies of consumer personal information might be a misuse of their position.
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