JFTC seeks more funds to tackle expanding digital economy role, official says

03 February,2020 - 04:00 pm UTC

The Japan Fair Trade Commission has requested a budget of JPY 11.6bn (USD 106m) -- the highest on record -- for the coming fiscal year as the agency’s role in regulating the digital economy increases, a JFTC official told PaRR today (3 February).

The Japanese parliament also commenced its budget debate today. The JFTC budget request, for the fiscal year running from April 2020 to March 2021, is up 1.4% from JPY 11.4 billion (USD 104m) for the current period.

“This is a record high. The increase is driven by … digital measures,” Takashi Shinagawa, JFTC director of general affairs, told PaRR.

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