Examining the Role and Impact of Japan’s Fair Trade Commission (公正取引委員会)

Introduction

The Fair Trade Commission (FTC) of Japan, or 公正取引委員会, plays a pivotal role in maintaining competition and consumer protection within the nation’s economic landscape. Established under the Antimonopoly Act of 1947, the Commission is tasked with promoting fair and free competition, preventing monopolistic practices, and protecting consumer interests. This paper aims to examine the role and impact of the FTC, focusing on its functions, regulatory frameworks, enforcement actions, and the broader implications of its activities on Japan’s economy and society. By analyzing the Commission’s efforts and challenges, this report seeks to provide an objective understanding of its significance in shaping competitive practices in Japan.

Main Body

The FTC’s primary role is to enforce the Antimonopoly Act, which prohibits unfair business practices such as cartels, bid-rigging, and abuse of a dominant market position. The Commission’s enforcement mechanisms are crucial in curbing a