Anti-Monopoly Act (Japan)

The Anti-Monopoly Act of Japan, established in 1947, aims to promote fair competition and prevent monopolies in the market. It prohibits businesses from engaging in practices that restrict competition, such as price-fixing, unfair trade practices, and mergers that create excessive market control. The Japan Fair Trade Commission enforces this law, ensuring that consumers benefit from lower prices and better products due to healthy competition. Overall, the act seeks to maintain a vibrant economy by protecting the interests of consumers and small businesses against the dominance of larger corporations.