Japan beer giants raided over suspicions they colluded to set the price of beverages
Japanese competition authorities have conducted raids on the country’s four largest brewers—Asahi, Kirin, Suntory and Sapporo—over allegations they coordinated to fix beer prices. The firms together hold more than 90% of Japan’s beer market. Investigators are examining whether the companies colluded to set beverage pricing, breaching antitrust laws. Police seized documents and data during the raids, and firms could face fines if violations are proven.