JFTC approves Amazon Japan’s plan to ease seller pricing rules

What happened: The Japan Fair Trade Commission approved an improvement plan from Amazon Japan to ease pricing requirements imposed on sellers, after investigating allegations it pressured sellers to lower prices. Key numbers: The JFTC will monitor implementation for five years. Amazon Japan will update product display pages within six months. Why it matters: The JFTC will not find that Amazon Japan violated the antimonopoly law but will monitor the plan. The JFTC said the approval is expected to lead to improvements ahead of similar efforts in other countries.

The Japan Fair Trade Commission approved an improvement plan from Amazon Japan to ease pricing requirements imposed on sellers, after investigating allegations it pressured sellers to lower prices.

The JFTC will not find that Amazon Japan violated the antimonopoly law but will monitor the plan. The JFTC said the approval is expected to lead to improvements ahead of similar efforts in other countries.