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Fundamental Principles for Rule Making to Address the Rise of Platform Businesses Formulated

December 18, 2018

The Ministry of Economy, Trade and Industry (METI), the Japan Fair Trade Commission (JFTC) and the Ministry of Internal Affairs and Communications (MIC) formulated a policy paper titled “Fundamental Principles for Rule Making to Address the Rise of Platform Businesses.”

The Future Investment Strategy 2018 approved by the Cabinet in June 2018 stipulates that in order to improve the rules in response to the rise of the platform businesses, fundamental principles shall be established during this year, and based on these, concrete measures shall be proceeded promptly by the end of 2018. In light of this, on July 10, 2018, METI, JFTC and MIC launched the Study Group on Improvement of Trading Environment surrounding Digital Platform Businesses comprised of academic experts and others from various disciplines including competition policy, information policy and consumer policy, and since then, the study group advanced research and discussions, and formulated and released an interim discussion paper on December 12, 2018.

Based on the interim discussion paper, METI, JFTC and MIC formulated the policy paper “Fundamental Principles for Rule Making to Address the Rise of Platform Businesses”.

METI, JFTC and MIC will promptly advance implementation of specific measures in line with the principles.

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