From The Japan Times · No Author · · 50s
Beer makers suspected of price coordination
Four major Japanese beer companies may have known about price-fixing cartel.
In brief
Four major Japanese beer companies may have known about price-fixing cartel. Japan's top beer makers admitted to coordinating price hikes for years. Originally reported by The Japan Times.
Beer makers suspected of price coordination
Four of japan's largest beer makers control over 90% of the market.
Suspected price coordination
Top officials may have known about shipping price hikes among beer makers.
Admitted to cartel
Asahi, Kirin, Sapporo and Suntory officials admitted to price-fixing during investigation.
Unofficial talks
Companies held talks after industry meetings to share shipping price increases.
Compulsory inspection
Japan fair trade commission inspected four companies' headquarters for antimonopoly violations.
Penalties possible
Companies could face financial surcharges and orders to prevent further violations.
The essence
Japan's top beer makers admitted to coordinating price hikes for years.
