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Japan Fair Trade Commission
The Japan Fair Trade Commission is an administrative commission consisting of five members in total, i.e. the Chairman and four commissioners. These members are appointed from among experts in law or economics by the prime minister with the consent of the Diet. The JFTC is unique in that it performs its duties as independent administrative commission without being directed or supervised by other organs. Its organizational unit known as General Secretariat takes charge of clerical affairs of the JFTC with regard to investigation and supervision of those cases involving the Antimonopoly Act.
In order to maintain fair and free competition in a market, the JFTC enforces three laws: the Antimonopoly Act and its complementary laws known as the Premiums and Representations Act and the Subcontract Act. The JFTC makes its effort to restore competitive environment for businesses immediately by giving cease and desist orders when illegal acts have been detected and surcharge payment orders when price cartels, etc. have taken place.
In an effort to establish internationally-opened, free, fair and dynamic economic society, the JFTC devotes itself to the improvement of the foundation for promoting regulatory reforms and positively deploying competition policies. Its efforts are also directed toward further improvement of the Antimonopoly Act, researches and proposals for regulatory reforms, betterment of competition restricting administrative guidance, promotion of improvement of public contract bidding systems, and establishing and amending various guidelines as preventive measures for violations.
For more information, please visit the JFTC's website at
http://www.jftc.go.jp/e-page/index.html
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