noun
private regulation; min-min kisei; deals between companies restricting competition
A term used in Japanese competition law and policy discussions, referring to agreements or practices among private companies that restrict competition, as opposed to government-imposed regulation.
公正取引委員会は民民規制の実態調査を始めた。
The Fair Trade Commission has begun an investigation into the actual state of private regulation.
この業界では民民規制が横行している。
Private regulation is rampant in this industry.
Compound of 民 (private, citizen) reduplicated and 規制 (regulation). The exact origin is uncertain, but it likely emerged in Japanese legal and economic discourse to describe private-sector restraints on competition.