Japan to tighten screws on big acquisitions by Big Tech
Nikkei -- Oct 05
Japan will require technology companies to seek approval for mergers and acquisitions worth 40 billion yen ($374 million) or more, Nikkei has learned, under proposals put together by a digital antitrust committee convened for the first time Friday.

This complements measures to protect individuals and less-powerful companies from companies like Google, Apple, Facebook and Amazon.com using their massive data troves to tighten their own grip. The committee aims to submit a list of four specific steps by year-end.

The European Union has taken the lead on regulating such tech giants, and the idea of doing likewise has gained traction in the U.S., but Japan has been slow to follow suit. European efforts on this front will likely serve as a useful reference for the committee on competition in digital markets, Japan's first interministerial body on the topic.

The head of the Japan Fair Trade Commission joined cabinet ministers and other policy heavyweights on the committee. Chief Cabinet Secretary Yoshihide Suga, serving as chairman, laid out an agenda of working in concert with other countries to lead international discussion on the issue.

The proposed M&A review process would require tech companies to notify the FTC for deals considered likely to impact the domestic market. The trade watchdog would also be able to independently launch reviews without receiving notice. The measure is geared toward monitoring deals involving smaller companies that might lead to future monopolies via access to valuable data.

News source: Nikkei
Oct 16
As a fuller picture of the damage from Typhoon Hagibis emerges, Japan faces weeks of delays in restoring some train service, but supply chains weathered the storm relatively well, attesting to the rise of disaster planning. (Nikkei)
Oct 14
Digging for buried treasure has never been so fun, it isn’t often said that all you need is the push of a button and riches could fill your pockets. (newsonjapan.com)
Oct 12
A Toyota Motor group finance unit will issue Japan's first zero-rate corporate bond Oct. 25 as subzero yields spill over from government bonds to private-sector debt, which carries the risk of default. (Nikkei)
Oct 11
Japanese retailer Seven and i Holdings announced on Thursday a major restructuring plan. (NHK)
Oct 11
Japanese investors celebrated Akira Yoshino's Nobel Prize win by purchasing stocks associated with the lithium-ion battery the researcher helped develop. (Nikkei)
Oct 09
Nissan Motor has appointed senior vice president Makoto Uchida to be its next president and chief executive officer. His predecessor, Hiroto Saikawa, resigned in September over his overcompensation. (NHK)
Oct 09
Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. (Japan Times)
Oct 09
The Chairman of Kansai Electric Power Company, Makoto Yagi, is said to be considering stepping down in connection with a money scandal. (NHK)
Oct 08
Hardly a day goes by without news of SoftBank Group Chairman and CEO Masayoshi Son. The global technology investor is convinced that the future belongs to artificial intelligence, but he is also dissatisfied with his performance today and what he sees as a lack of drive in the Japanese business world. (Nikkei)
Oct 08
Japan's corporate culture traditionally demands long hours, commitment to the company, and frequent drinking sessions. Peer-pressure is still there, but a younger generation of workers is beginning to abstain. (dw.com)