The Basic Act on Consumer Policies 1968 in Japan- An Analytical Overview

Summary:

The Basic Act on Consumer Policies, enacted in 1968, was a groundbreaking law aimed at safeguarding consumers in Japan. The Act's key provisions include fundamental principles emphasizing consumer protection, information disclosure to facilitate informed choices, safety standards for consumer goods and services, and redress mechanisms for consumer complaints and disputes. While the Act has played a significant role in consumer protection, it has faced challenges in keeping pace with technological advancements and evolving market dynamics. It is essential to revisit and update the Act to ensure its alignment with current challenges and international best practices.