TOKYO, July 22 -- Japan Fair Trade Commission issued the following press release:
The Japan Fair Trade Commission (hereinafter referred to as the "JFTC") has investigated Visa Worldwide Pte Limited (hereinafter referred to as "Visa Worldwide") in accordance with the provisions of the Antimonopoly Act (hereinafter referred to as the "Act"), and suspected that Visa Worldwide's conduct described 3 below might violate the Article 19 of the Act (Paragraph 12 (Trading on Restrictive Terms) of Designation of Unfair Trade Practices).
Recognizing that competition would be promptly restored, through the Commitment Procedure, by measures to be swiftly taken by Visa Worldwide to eliminate the company's conduct described 3 below, the JFTC issued the N...