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Japan anti-trust regulator accepts Amazon Japan improvement plan

·1-min read
FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo
FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo

TOKYO (Reuters) - Japan's Fair Trade Commission (JFTC) said on Thursday it has accepted Amazon Japan's plan to improve business practices suspected of violating anti-trust rules.

The unit of Amazon.com Inc was raided by the JFTC in 2018 on suspicion the company demanded that suppliers should shoulder part of the cost incurred from selling their products at a discount on the e-commerce company's website.

Amazon Japan's plan includes the return of 2 billion yen ($18.85 million) to about 1,400 vendors, the regulator said.

($1 = 106.1100 yen)

(Reporting by Ritsuko Shimizu; Writing by Chang-Ran Kim; Editing by Christian Schmollinger)