Amazon Japan raided by anti-monopoly authorities

Amazon Japan has said it will collaborate with Japan’s Fair Trade Commission (JFTC) after the watchdog conducted an on-site inspection related to suspected violations of anti-monopoly laws.The e-commerce giant is under suspicion of inappropriately urging vendors to lower their prices on its online shopping platform in return for better product placement, as first reported by Reuters, citing a source. “We are cooperating fully with the [Japanese] authorities,” Amazon Japan spokesperson, Tomoko Inoue, told T ...