Japan anti-trust regulator accepts Amazon Japan improvement plan – AllForecast.com

Japan anti-trust regulator accepts Amazon Japan improvement plan

TOKYO (Reuters) – Japan’s Fair Trade Commission (JFTC) said on Thursday it has accepted Amazon Japan’s plan to improve business practices suspected of violating anti-trust rules.

The unit of Amazon.com Inc (AMZN.O) was raided by the JFTC in 2018 on suspicion the company demanded that suppliers should shoulder part of the cost incurred from selling their products at a discount on the e-commerce company’s website.

Amazon Japan’s plan includes the return of 2 billion yen ($18.85 million) to about 1,400 vendors, the regulator said.

($1 = 106.1100 yen)

Source: reuters.com

2 thoughts on “Japan anti-trust regulator accepts Amazon Japan improvement plan”

  1. Recognition for another large post. I am pretty sure this piece has helped me save many hours of impression other similar posts just on the road to find what I was trying for. I just want toward say: Thank you!

    Reply

Leave a Comment