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

 |  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.

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

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

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