The Japan Fair Trade Commission (JFTC) announced Thursday, August 29, it has compiled draft guidelines for tighter regulation of technology giants in order to strengthen protection of customer data, and aims to introduce the first such rules as early as October.
The antitrust watchdog stated the guidelines are designed to address the concern about major tech companies, such as Amazon.com, Apple, Facebook, and Google, obtaining personal data by making use of their “superior bargaining position.”
These companies are facing growing criticism that they are discouraging new companies from entering the market, by monopolizing customer data through their platforms to bolster their competitive positions.
The new guidelines will be applied to companies providing online shopping, social media, search engines and video, music, and app distribution, the Commission stated.
Full Content: Japan Times
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