TOKYO -- Japan's ruling party is crafting legislation to protect consumers and smaller businesses from technology companies that operate dominant platforms, such as Amazon.com, Facebook and Rakuten, Nikkei learned Wednesday.
The Liberal Democratic Party will present its proposal to Prime Minister Shinzo Abe next week, with plans to submit the bill to parliament next year. The goal is to promote a fair and transparent market by setting rules centering on disclosure requirements rather than imposing broad, restrictive regulations.
