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11/1/2018, 8:34 AM (Source: TeleTrader)
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Japan to launch anti-trust probe into tech giants

Japan's Fair Trade Commission (JFTC) said on Thursday it will launch an investigation into tech giants, including Google, Apple, Facebook and Amazon, to determine if the companies are using their market dominance to block competition in the country.

"We will be closely watching them to see if they are preventing innovations by Japanese companies," JFTC chief Kazuyuki Sugimoto said in an interview with the Mainichi Shimbun daily newspaper. Sugimoto added the anti-trust authorities plan to begin the probe in 2019 and stressed it will aim to determine if the tech giants' "client data hoarding is obstructing newcomers from entering the market, or whether their dominant positions in the market are forcing their business partners to cut prices."

Earlier this year, the European Commission fined Google with €4.34 ($5 billion) as a result of the company's illegal restrictions on the use of its Android operating system.

Breaking the News / NP