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Singapore/Japan: Watchdogs get tough on price-fixing with latest fines

By  |  December 18, 2013

Singapore regulators have reportedly imposed price-fixing fines on four Japanese companies found to have fixed product pries.

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    JTEKT Corp, NSK, NTN and Nachi-Fuhikosji have all been fined by the Competition Commission of Singapore after the regulator found the firms to have fixed ball bearing prices.

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    Reports say the fines are not final and the regulator will receive rebuttals from the companies before any sanction is official.

    Full Content: The Japan News

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