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Japan anti-trust regulator accepts Amazon Japan improvement plan

September 10, 2020 2:26 AM

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 (NASDAQ: AMZN) 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)

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