Fair Trade Commission (Japan)
| 公正取引委員会 Kōsei Torihiki Iinkai | |
Office building of Japanese Fair Trade Commission | |
| Commission overview | |
|---|---|
| Formed | July 1, 1947 |
| Jurisdiction | Japan |
| Headquarters | 2-2-3 Toranomon, Minato-ku, Tokyo, Japan |
| Employees | 957 |
| Annual budget | ¥15,845,000,000 JPY (FY2025) |
| Commission executive |
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| Parent Commission | Cabinet Office |
| Website | Fair Trade Commission (Japan) (in English) |
The Fair Trade Commission (公正取引委員会, Kōsei Torihiki Iinkai; FTC) is an independent statutory agency which enforces anti-competition law in Japan. The commission was originally created to enforce provisions of the Antimonopoly Act in 1947, but its regulatory scope has grown to include the Subcontract Act and Freelancer Act as well.
The commission pursues enforcement through a variety of means, including civil cases and voluntary changes by companies. The commission shares jurisdiction with the Japan Public Prosecutor’s Office for enforcement, with the commission handling civil affairs and referring criminal cases to the Prosecutor’s office. Much of the commission's work focuses on mergers and acquisitions, as well as anti-cartel enforcement.
The JFTC is composed of four commissioners and a chairman. The chair and commissioners are nominated by the Prime Minister of Japan and confirmed by the Japan Diet for a period of five years. The chair is required to resign at the age of 70. Day-to-day work is done by the General Secretariat's office, led by the Secretary General.