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JFTC, METI call for subcontractor compliance from 1,700 industrial groups amid increased production costs

( December 8, 2023, 08:49 GMT | Official Statement) -- MLex Summary: The Japan Fair Trade Commission and the Ministry of Economy, Trade and Industry sent out notices to around 1,700 industrial groups today to call for heightened compliance with the subcontractor law, as high energy and resources costs are expected to tighten finances for small- and medium-sized businesses towards year-end. The Japanese government is pushing to facilitate the ability of small businesses to pass on the increased cost of production to their contracting companies and consumers.The statements, in Japanese, are attached....

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