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Japan beer giants raided over alleged price-fixing cartel

Asahi, Sapporo, Kirin and Suntory confirmed to the BBC that their premises had been searched by the Japanese competition authority.

Tarun Mottlia

Via BBC News

·Excerpt
Japan beer giants raided over alleged price-fixing cartel
Image: BBC News (Tech & Business)

Japanese officials have raided the country's biggest beer makers over allegations they worked together to raise the price of their beverages.

Asahi, Sapporo, Kirin and Suntory Spirits confirmed to the BBC that their premises had been searched by the Japan Fair Trade Commission (JFTC), adding that they would fully cooperate with the regulator.

The four firms dominate Japan's beer market, with their drinks a common sight in supermarkets and convenience stores across the country.

Asahi, Kirin and Sapporo all saw…

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