Business · 5 hours ago
Cartel Probe: Japan's Big Four Brewers Raided
Japan's Fair Trade Commission has raided Asahi, Kirin, Suntory and Sapporo, which together control more than 90% of the domestic beer market, on suspicion of colluding over prices. Japanese media say executives allegedly met secretly to coordinate the timing and size of increases. The four firms say they will cooperate. Their shares fell after the raids, and Japanese reports suggest a criminal complaint could follow.
Reported by The Guardian · How we write briefs