The Japan Fair Trade Commission plans to consider economic security benefits while reviewing mergers and acquisitions in a bid to strengthen Japan's competitiveness in strategic industries, Nikkei reported Wednesday.
Under the new framework, the companies with domestic sales exceeding 20 billion yen will be required to notify authorities of planned acquisitions, mergers, or business transfers, the report said.
The watchdog will review whether the deal will result in a market monopoly, hindering price competition, and the deals that consolidate domestic industries may still gain approval based on the economic security benefits, according to the report.
The Japanese antitrust body plans to publish revised rules on Wednesday, updating its merger review rules as early as this summer, Nikkei said.
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