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Japan’s Keidanren expresses opposition to JFTC’s proposed discretionary penalty system

( September 16, 2016, 04:11 GMT | Insight) -- Japan’s Keidanren business lobby yesterday expressed its opposition to the Japan Fair Trade Commission’s plan to adopt a discretionary penalty system, the SankeiBiz reported today. Japan’s Keidanren business lobby yesterday expressed its opposition to the Japan Fair Trade Commission’s plan to adopt a discretionary penalty system, the SankeiBiz reported today, without saying where the organization made the remarks. Keidanren will soon provide a detailed explanation of its position, according to the report. The nation’s three other major business organizations — the Japan Chamber of Commerce and Industry, the Tokyo Chamber of Commerce and Industry, and the Japan Association of Corporate Executives — are also opposing the JFTC’s plan. The JFTC is now considering the introduction of a system to determine the amount of antitrust penalties in accordance with the level of cooperation provided by the suspects. ...

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