AROUND $18.8 MILLION TO BE RETURNED BY AMAZON’S JAPAN UNIT TO ITS SUPPLIERS

Highlights –

• Around $18.8 million to be returned by Amazon’s Japan unit to its suppliers.
• The company has pledged to do the above as part of their reforms submitted to JFTC.
• Amazon Japan is exempted from penalties.
• The Japan unit had started asking its suppliers to shoulder part of discount costs around 2016.

After Amazon Japan submitted its prop....