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Japan's new digital competition bill may include 20 percent fine for violations

By Sachiko Sakamaki ( April 15, 2024, 03:50 GMT | Insight) -- The Japanese competition enforcer's bill to regulate Big Tech companies that dominate smartphone operating systems will have much stronger enforcement tools than existing laws and may include a 20-percent fine on domestic sales for violations. The new bill, which is still being drafted, will tackle Big Tech's entrenched market power through similar legislation to the European Union’s Digital Markets Act.The Japanese competition enforcer's bill to regulate Big Tech companies that dominate smartphone operating systems will have much stronger enforcement tools than existing laws and may include a 20-percent fine on domestic sales for violations....

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