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Can the New Antimonopoly Act Change the Japanese Business Community?. The 2005 Amendment to Antimonopoly Act and Corporate Compliance Kazukiyo Onishi. Introduction: Japanese Antitrust Regime and Business Community.
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Can the New Antimonopoly Act Change the Japanese Business Community? The 2005 Amendment to Antimonopoly Act and Corporate Compliance Kazukiyo Onishi
Introduction: Japanese Antitrust Regime and Business Community • Antimonopoly Act, a comprehensive and advanced antitrust law was introduced and JFTC was set up in 1947: Long history of antitrust enforcement, but this regime did not work well • It was said for a long time: Existence of many hard core cartels, especially bid riggings and Japanese Business Community did not think highly of AMA • The situation is changing after 2005 amendment to AMA • 2005 amendment provides the JFTC with measures to fight cartels: Leniency Program and Criminal Investigation Power • Successful crackdowns on big bid riggings involved by big and famous companies
Recent Bid Rigging Casesprosecuted by the Japanese Penal Code
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