Japan plans to raise penalties on tech giants like Apple for monopolistic practices, up to 20% of related sales, requiring them to allow third-party app stores and payment systems.

Japan plans to increase penalties for tech giants accused of monopolistic practices, such as Apple, to up to 20% of their related sales in the country. This legislation would target companies offering operating systems for smartphones and require them to allow third-party app stores and payment systems. If passed, this would be a significant increase from the current 6% fine under Japan's antimonopoly law, and aligns with actions taken by the European Union in its Digital Markets Act.