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The regulation of nascent industries can favor incumbents, senior Japanese official warns

By Toko Sekiguchi ( September 15, 2021, 04:41 GMT | Insight) -- Regulating industries or technologies that are burgeoning can be challenging and places authorities at risk of harming the overall progress of innovation by siding with incumbents, according to a senior official with the Japan Fair Trade Commission. Speaking at an online conference, JFTC Commissioner Reiko Aoki said that it was difficult to have “pro-innovation regulation” when looking at industries that are only just coming into existence.Regulating industries or technologies that are burgeoning can be challenging and places authorities at risk of harming the overall progress of innovation by siding with incumbents, according to a senior official with the Japan Fair Trade Commission, or JFTC....

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