Technology14 minutes ago (Sep 10, 2020 02:30AM ET)
(C) Reuters. FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo
TOKYO (Reuters) – Japan’s Fair Trade Commission (JFTC) said on Thursday it has accepted Amazon Japan’s plan to improve business practices suspected of violating anti-trust rules.
The unit of Amazon.com Inc (O:AMZN) was raided by the JFTC in 2018 on suspicion the company demanded that suppliers should shoulder part of the cost incurred from selling their products at a discount on the e-commerce company’s website.
Amazon Japan’s plan includes the return of 2 billion yen ($18.85 million) to about 1,400 vendors, the regulator said.
($1 = 106.1100 yen)
Japan anti-trust regulator accepts Amazon Japan improvement plan
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