Details: Japan Enacts Regulatory Law that aims at Apple and Google smartphones for market dominance

Japan is now the latest nation to pass a law that targets businesses such as Apple Inc. as well as Google LLC from limiting third-party firms that are looking to sell and market their own applications for Google as well as Apple devices.

Per Kyodo News, "The legislation will prevent the makers for Apple's iOS and Google's Android smartphones operating systems, app stores and payment providers from preventing the sale of apps and services that directly compete with the native platforms' own." This is in order to keep the providers of platforms out of "gatekeeping" while also forcing more competition among their own apps as well as other applications that are available on these platforms.

Although Japan's current antimonopoly law punishes companies with 6 percent on profits earned via unfair practices, the penalties under the brand new legislation are more precise. They're 20% of domestic profits made from services that do not comply with the provisions of the law. The fines will increase to 30percent if infractions aren't addressed.

The new law is anticipated to be in effect by 2025's close as per Kyodo News points out is as similar to a recent set of EU regulations (presumably one from the EU's Digital Markets Act).

Kyodo News also reports that both Apple as well as Google made statements concerning their continuing engagement in discussions with Japanese regulators.

An earlier article from Kyodo News regarding the regulation which was passed first by Japan's Cabinet stated that it had voted to approve the policy in "a move to challenge the duopoly exerted by the major industry players Apple Inc. and Google LLC," and declared that the law shows the Japanese government's intent to join with the EU when it comes to making laws "of Big Tech firms such as Apple, Google and Amazon.com Inc. and Google Inc. and Google Inc., which are now able to exercise an enormous influence over all aspects of the digital realm around the world."

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Katie Stephan Katie Stephan is the senior content strategist for . With her extensive knowledge in the field and knowledge, she has the MFA in writing creative nonfiction and has worked in the local community as a professor of writing at a local college.

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