Japan regulators raid Asahi, Kirin, Suntory over price cartel
· Economy · Japan
Japanese competition authorities raided the premises of beer giants Asahi, Kirin and Suntory over allegations of price-fixing, the companies confirmed. The Japan Fair Trade Commission is investigating whether the brewers coordinated prices. Recent years have seen these firms raise beer prices, citing rising costs of raw materials and logistics. The probe targets some of Japan's most prominent consumer brands.
Why it matters:The probe could reshape pricing in Japan's beer market and signal tougher antitrust scrutiny of household-name consumer firms.
Key points
- Asahi, Kirin and Suntory confirmed their premises were searched.
- Regulators are investigating alleged price-fixing.
- The brewers have raised beer prices citing higher material and logistics costs.
Sources (original reporting)
More stories from this day
- Japan's Kenso Soai and France's Henri Kagan win Nobel chemistry prize
- Vance points to Seoul politics amid Alaska LNG uncertainty
- US forces in Okinawa face curfew, alcohol ban after murder case
- Activist urges Nidec buyout as Japan exchange overhauls Topix
- Australia to buy Japan frigates; Bangladesh airline adds 10 Airbus jets
- Fed minutes show unanimous September hike as inflation fears build