Balancing Act- The Impact of APPI on Businesses and Innovation in Japan

Summary:

The Act on the Protection of Personal Information (APPI) in Japan has a significant impact on businesses, introducing requirements for data collection and processing. The key provisions include consent requirements and data security measures, which aim to enhance consumer trust. However, these measures may stifle innovation in data-driven sectors. The APPI also imposes a regulatory burden on businesses, particularly SMEs, and requires continuous adaptation to evolving technology, which can be challenging. Overall, the APPI balances individual privacy protection with business responsibility, requiring ongoing attention from regulatory bodies and business leaders to achieve a balance between data protection and innovation.

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