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Japan to tighten the screws on the tech giants in order to ensure the transparency of

FILE PHOTO: a Silhouette of a laptop, users will see the addition of a screen projection of Facebook logo in this photo illustration, March 28, 2018. REUTERS/dado Ruvic/Illustration

TOKYO (Reuters) – Japan will adopt regulations to ensure that the technology giants, including Facebook Inc. [FB.D)] and Google [GOOGL.I] misuse of market power and have an unfair advantage over small businesses, officials said on Tuesday.

The new law would oblige tech giants, including Google, LLC, Apple Inc , Facebook Inc and Amazon.com Inc. to the terms and conditions of the contracts with the customers, and in order to make a report to the government about their activities, and one of them said.

Japan’s move followed the global trend observed in the United States, Europe, and Australia, the tightening of the regulatory screws on to the online platform, to which policy makers scrambling to address concerns, ranging from anti-trust issues in the dissemination of “false news” and hate speech.

Google and Facebook have opposed the stricter rules, while the traditional media owners, including Rupert Murdoch’s News Corp. [NWSA.I], the backup restoration.

“We want to make the new law is in effect, in the way that would make the business transactions to be transparent and without an excessive burden as well as hindering innovation,” Economy Minister Yasutoshi Nishimura told reporters.

“The new law provides a framework for ‘platformers’ in order to self-effort, transparency and honesty.”

For the protection of personal data, the government will make a review of the protection of personal data, the right for individuals to apply to digital businesses, to suspend the use of their personal data. The act regulates the processing of data collected by unlawful means.

With regard to the anti-monopoly law, the Fair Trade Commission, review guidelines, in order to respond to the digital single market, by evaluating the value of information for the inspection of the tie-up companies.

The trading guard dog, it will be clear that the unfair acquisition and use of consumers ‘ personal information through the platform, companies are able agree to it with any abuse of their position.

Reporting by Tetsushi Kajimoto; editing by John Stonestreet and Nick Macfie

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