Act on Prohibition of Private Monopolization and Maintenance of Fair Trade(Act No. 54 of 1947). Country/Territory Japan Document type Legislation Date 1947 (2019) Source FAO, FAOLEX Subject General Keyword Internal trade International trade Business/industry/corporations Cooperative/producer organization Offences/penalties Institution Geographical area Asia, Asia and the Pacific, Eastern Asia, North Pacific, North-West Pacific Abstract The purpose of this Act is to promote fair and free competition, stimulate the creative initiative of enterprise, encourage business activity, heighten the level of employment and actual national income, and thereby promote the democratic and wholesome development of the national economy as well as secure the interests of general consumers by prohibiting private monopolization, unreasonable restraint of trade and unfair trade practices, preventing excessive concentration of economic power and eliminating unreasonable restraints on production, sale, price, technology, etc. , and all other unjust restrictions on business activity through combinations, agreements, etc. ,. Full text English/Japanese Website www.japaneselawtranslation.go.jp