BusinessLanguage: English
Japan beer giants raided over alleged price-fixing cartel
Key Takeaways
- Japanese authorities raided major beer makers over price-fixing allegations.
- Asahi and Kirin confirmed searches by the Japan Fair Trade Commission.
- Sapporo Breweries and Suntory Spirits were also reportedly targeted.
- The companies have pledged full cooperation with the investigation.
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Japanese competition authorities have raided the country's major beer manufacturers following allegations of a price-fixing cartel. Asahi and Kirin confirmed that their premises were searched by the Japan Fair Trade Commission, and reports indicate that Sapporo Breweries and Suntory Spirits were also targeted. The companies have stated they are fully cooperating with the government investigation.
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