Amazon Japan to submit an improvement plan to trade regulators
On Friday, Amazon Inc. (AMZN.O) said that it had submitted a plan to Japan’s fair trade regulators on how it would improve its services.
According to The Asahi Shimbun newspaper, the move was made to avoid violating anti-trust rules. It added that the improvement plan includes a refund to suppliers who were pressured to pay some “cooperation money.”
The Japan Fair Trade Commission (JFTC) raided Amazon Japan in 2018 on suspicion of demanding suppliers to shoulder the cost incurred from selling products at a discounted price.
“We continue to have cooperative and productive discussions with the JFTC,” Amazon said in an emailed statement.
“We are committed to working with our vendors to address their needs. Amazon complies with the laws and regulations in all locales in which we do business,” it added.