Business · Companies · 6 hrs ago

Japan investigates four major brewers over alleged beer price-fixing

Japan investigates four major brewers over alleged beer price-fixing

Japan’s competition commission has searched the offices of Asahi, Kirin, Sapporo and Suntory over an alleged agreement to set prices.

The four companies are accused of coordinating regular price increases for canned products.

Together, they control more than 90% of Japan’s beer market.

Japan remains the world’s 11th-largest beer market, although beer consumption has declined.

The alleged coordination matters because it could limit competition and affect consumers who buy canned beer.

The searches are part of the commission’s investigation; no outcome is stated.

What people are saying

betrayal of consumers
Yomiuri ShimbunNewspapervia Le Monde

Sources

Related news