Antitrust Law Daily Wrap Up, INDUSTRY NEWS—New Japan Fair Trade Commission Chairman Assumes Post, (Mar 7, 2013)
Organizations Mentioned:Public Policy
The Japan Fair Trade Commission (JFTC) announced on March 6 that Kazuyuki Sugimoto has taken office as the agency’s Chairman following an investiture ceremony the previous day.
Chairman Sugimoto, who was most recently Chairman of Mizuho Research Institute Ltd., was registered as an attorney. He also has experience in teaching economic and fiscal policies as a professor at Graduate School of Public Policy, the University of Tokyo, according to the JFTC. He himself holds degrees from the University of Tokyo (LL.B.) and the University of Cambridge (M.A.).
Sugimoto served as a government official for more than thirty years and spent most of his career in the Ministry of Finance until he resigned as Administrative Vice Minister of Finance in July 2009. Under the Yoshiro Mori cabinet, from 2000 to 2001, he was assigned as a Senior Advisor to the Prime Minister.
Priorities emphasized by the new Chairman upon his arrival include rigorous and efficient law enforcement, enhancement of the competitive environment, and the promotion of international cooperation. “The recent economic environments surrounding our country are changing drastically and facing difficult conditions,” Sumitomo said. “Against the backdrop, it makes all the more important that JFTC carries its mission to promote fair and free competition, thereby vitalizing our economy and protecting consumer welfare.”
News: IndustryNewsTrends