A PYMNTS Company

Japan: JFTC demands action from four big contractors with multiple antitrust cases

By  |  August 7, 2019

Japan Fair Trade Commission (JFTC) Chairman Kazuyuki Sugimoto has separately summoned the presidents of four major general contractors to demand action to prevent behavior in violation of antitrust rules within their groups, sources said Wednesday, August 7.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The apparently unprecedented move by the JFTC followed a spate of antitrust violations by companies linked to the four; Obayashi, Kajima, Taisei, and Shimizu.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    At the separate meetings with the general contractors’ presidents earlier this month, Sugimoto urged them to draw up preventive measures and ensure legal compliance by their group workers, the sources said.

    He also referred to overseas cases in which parent companies were held responsible for antitrust violations by their subsidiaries, the sources said.

    Officials of the four companies admitted that they received the requests from the antitrust watchdog.

    Full Content: Japan Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.