Japan teams up with the US and Europe to control the work of IT giants

Kazuyuki Furuya, chairman of Japan's Fair Trade Commission, said Tokyo couldlaunch

An investigation into every merger or merger process that, for example, may occur with the fitness tracker company Fitbit.This is provided that the size of such transactions will be large. 

If the size of any merger or business combination is large, we can initiate an antitrust investigation into the acquisition of a startup by a buyer, such as Fitbit.We are closely following the developments, including in Europe. 

Kazuyuki Furuya, Chairman, Japan Fair Trade Commission

Thus the country begins to adjust"platform operators". We are talking, for example, about Google, Apple, Facebook and Amazon. For these companies, a separate term is used, GAFA, which is an abbreviation of the company names. Sometimes Microsoft is added to them, then the abbreviation takes the form GAFAM.

Let us remind you that the work of GAFA has been actively attracting the attention of antimonopoly authorities over the past couple of years. 

According to Furuya, GAFA and other multinationals have similar business practices around the world, making global regulatory coordination critical.

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