Japan beer giants raided over suspicions they colluded to set the price of beverages
Japanese antitrust authorities have raided the offices of the country's four largest beer manufacturers. The companies are suspected of colluding to coordinate retail price increases, potentially violating anti-monopoly laws.
Why it matters
This investigation impacts the pricing of a major consumer staple and highlights the regulatory scrutiny facing dominant market players in Japan.
Officials from the Fair Trade Commission raided four major beer manufacturers in Japan over suspicions they colluded to hike beverage prices in a violation of anti-monopoly laws./Getty Images Officials from the Fair Trade Commission raided four major beer manufacturers in Japan over suspicions they colluded to hike beverage prices in a violation of anti-monopoly laws./Getty Images Japan Japan beer giants raided over suspicions they colluded to set the price of beverages Investigators probe Asahi, Kirin, Suntory and Sapporo breweries – which together control more than 90% of Japan’s beer market
Prefer the Guardian on Google Japanese authorities have raided the country’s four biggest breweries over suspicions they colluded to set the price of beer and other beverages – a practice media reports said could have forced drinkers to pay over the odds.
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