Japanese Authorities Raided Amazon Japan Over Possible Antitrust Practices

Foreks - It has been reported that the Japan Fair Trade Commission is investigating Amazon (NASDAQ:AMZN) on suspicion of violating antitrust laws. A source from the Japanese government indicated that the unit of Amazon.com Inc is suspected of improperly encouraging sellers to lower their prices on the e-commerce site in exchange for advantageous placement of their products. The source, who wished to remain anonymous due to the lack of an official statement, stated, "There is a suspicion that Amazon Japan is irrationally forcing sellers to lower their prices."