Amazon Japan raided on suspicion of antitrust practices -Nikkei

By: | Published: August 8, 2016 11:46 AM

Japan's Fair Trade Commission has raided the office of Amazon Japan on suspicion of pressuring retailers to offer products on more favourable conditions than on rival sites, the Nikkei business daily reported on Monday.

Japan's Fair Trade Commission has raided the office of Amazon Japan on suspicion of pressuring retailers to offer products on more favourable conditions than on rival sites, the Nikkei business daily reported on Monday.(reuters)Japan’s Fair Trade Commission has raided the office of Amazon Japan on suspicion of pressuring retailers to offer products on more favourable conditions than on rival sites, the Nikkei business daily reported on Monday.(reuters)

Japan’s Fair Trade Commission has raided the office of Amazon Japan on suspicion of pressuring retailers to offer products on more favourable conditions than on rival sites, the Nikkei business daily reported on Monday.

The paper did not say when the raid took place.

Amazon Japan is suspected of imposing conditions on retailers such as forcing them to sell products at a lower price if they were also advertising on other online shopping sites, the Nikkei said, citing sources with knowledge of the case.

A Fair Trade Commission spokesman said he could not confirm the report but added: “I won’t say the contents are incorrect.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition