4 Major Japan Brewers Raided for Suspected Price Cartel
Japan's Fair Trade Commission has raided the country's four major beer brewers over allegations of forming an illegal price-fixing cartel. The companies involved are suspected of violating antimonopoly laws by coordinating shipment prices.
Why it matters
This investigation targets a near-monopoly in the Japanese beverage market, potentially leading to significant regulatory or criminal consequences for major industry players.
Tokyo, Oct. 7 (Jiji Press)--Japan's Fair Trade Commission raided four major Japanese brewers Wednesday for allegedly forming an illegal cartel to adjust shipment prices for beer and other products, sources familiar with the matter said.
The four--Asahi Breweries Ltd., Kirin Brewery Co., Suntory Spirits Ltd. and Sapporo Breweries Ltd.--are suspected of violating the antimonopoly law.
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