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Comparative Competition PolicyNational Institutions in a Global Market$
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G. Bruce Doern and Stephen Wilks

Print publication date: 1996

Print ISBN-13: 9780198280620

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198280620.001.0001

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The Fair Trade Commission and the Enforcement of Competition Policyin Japan

The Fair Trade Commission and the Enforcement of Competition Policyin Japan

Chapter:
(p.102) 5 The Fair Trade Commission and the Enforcement of Competition Policyin Japan
Source:
Comparative Competition Policy
Author(s):

G. BRUCE DOERN

STEPHEN WILKS

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198280620.003.0005

This chapter discusses the Japan Fair Trade Commission (JFTC), one of the oldest and most powerful competition authorities in the world. The JFTC has been a unique and vulnerable agency administering deeply unpopular laws based on a widely rejected model of market competition. The scope and influence of Japanese competition policy is now substantial and has attracted wide attention. Weak enforcement of competition policy in Japan has been criticized as a practice that results in the unfair advantage of Japanese firms in competitive markets. As a leading economic power which derives great benefit from free trade, the reinforcement of competition policy has become for Japan a matter of principle to be respected as a common rule among industrialized nations. The salience and effectiveness of competition policy in Japan has changed quite radically over the past ten years. This so-called ‘renaissance’ of policy has taken place in response to overseas pressure and to changes in the domestic economy.

Keywords:   Japan Fair Trade Commission, competition authorities, market competition, competition policy, competitive markets

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