Anti-Competetive Practices

(1) Laws Distorting Competition

   Law Against Unjustified Premiums and Misleading Representations aims to protect consumers' interest by regulating unfair consumer attraction such as excessive premium offers and fraudulent and misleading representations. The "fair competition codes" are authorized by the JFTC as preventing unjust consumer inducement and thus serving to secure fair competition, and it does not unduly limit activities of trade associations. There is no regulation to the participation in and withdrawal from the "fair competition codes." Thus it will not be an obstacle to new comers.

(2) Relationship between Government and Industry

   When regulatory authority, which would limit rights and obligations of business enterprises, is delegated to a private entity from the government, it is provided by laws, relevant cabinet orders, and municipal laws. Thus such regulations are handled in an open, transparent and indiscriminate manner.