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Japan Fair Trade Commission searches major beer makers over price-fixing allegations

Bloomberg +1 ·

  1. 1The Japan Fair Trade Commission searched Asahi, Kirin, Sapporo Breweries, and Suntory Spirits over allegations of conspiring to raise prices.
  2. 2The investigation focuses on the timing of price increases by the companies in April last year and October 2022.
  3. 3Shares of Asahi, Kirin, and Sapporo fell following news of the investigation on Wednesday.

So what's the key point?

The Japanese government is investigating whether beer companies coordinated to raise their prices. After this news became known, the stock prices of Asahi, Kirin, and Sapporo declined.

Source Bloomberg +1 · View original ↗

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