ABSTRACT

Following the major reforms of the 1970s, competition law in both Britain and Japan was largely stagnant in terms of reform until the 1990s (it is true that British competition law underwent several reforms in 1976, 1977 and 1980, but these were rather minor changes). However, as briefly mentioned in Chapter 1, significant changes occurred in the 1990s. In Britain, the new Competition Act was established in 1998 after many twists and turns. The new legislation overhauled the regulatory provisions and institutions so as to increase their consistency with the EU system. As for Japan, there was no such fundamental reform, but instead various provisions were amended during the 1990s.