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JFTC to ramp up efforts to help smaller companies raise wages to transform economy, competition chief says

By Sachiko Sakamaki and Toko Sekiguchi ( July 9, 2024, 07:04 GMT | Insight) -- As Japan’s top companies increasingly come under competition enforcement against exploitation of their subcontractors, the Japan Fair Trade Commission will continue its efforts to help suppliers pass on their increased costs, the head of the JFTC said in an interview with MLex. He also described how the regulator intends to use its position as an antitrust regulator to protect Japanese freelancers through both the newly enacted freelance law and industry-specific guidelines. As top Japanese companies such as Nissan Motor and a subsidiary of Toyota Motor have become subject to enforcement action against exploitation of their subcontractors, the Japan Fair Trade Commission will continue its efforts to help smaller suppliers to pass on their increased costs, including wages, the head of the JFTC told MLex in an exclusive interview. ...

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